Main Photo: The Senator Playaballenta
Date: February 2021
Location: Cadiz, Costa de la Luz, South-West Spain
Name: Senator Playaballena Hotel – four-star
No. of Keys: 324
Seller: Hoteles Playa Group, a major hotel group in Spain with some 40, mainly resort, four-star hotels in Spain, expanding into the Caribbean, founded in the late 1960s.
Buyer: Billionaire Inditex founder Amancio Ortega has acquired the Senator Playaballena hotel for €25 million, through his family office, Pontegadea. The property is a part of the Hoteles Playa family group and ceased operations in December. The 324-room, four-star hotel is located near Cádiz on the Costa de la Luz in south-west Spain, between Chipiona and Rota, and features a spa and a small water park.
THPT Comment: Other hotels owned by Senor Ortega include New York’s Murray Hill hotel, Chicago’s Dana Hotel & Spa, and no doubt several others, a drop in the ocean out of Zara’s founder’s US$17.2bn real-estate holdings.
Price per Key: €77,160
First Seen: Brainsre.News
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.