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.

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