
Playa Miramar Hotel
Hotel on the Mediterranean Coast
Miramar
LOCATION
Carrer de la Cabilona, 44, 46711 Miramar, Valencia, Spain
ASSET DESCRIPTION
Acquired in 2018 for $3.5 million, the Playa Miramar Hotel was a 108-room property on the Mediterranean coast near Valencia, Spain, built on a 55,000-square-foot plot. In 2019, an extensive refurbishment was executed.
Valencia is a port city in Southeastern Spain known for its beaches and sunny climate. It is also a destination for regional events like the Goyas Film Awards or the Michelin Food Gala. This acquisition demonstrated a global strategy of acquiring assets with high-value creation potential.
The asset was sold in 2021.