Sabadell Sells Bal Hotel & Spa in Gijón to Grupo Artiem

Date: January 2018

Location: Asturias, 10 minutes from the city centre of Gijón, Spain.

Name: Bal Hotel & Spa – five star

No. of Keys: 45

Seller: Banco Sabadell, advised by Christie & Co.

Buyer: Grupo Artiem, which is going to operate the property itself. Grupo Artiem, originally from Menorca, has a long history on its home island. It has recently started to operate hotels in the urban segment, incorporating the 4-star Artiem Madrid Hotel, with its 83 rooms, into the chain.

Price: Undisclosed

First Seen: Aura News Real Estate