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Spain: Pierre & Vacances Centre Park Group has added Hotel Sun Palace to its portfolio as the group’s sixth property in Costa Blanca.
Located between the cities of Benidorm and Atlea, Hotel Sun Palace features 216 rooms in the town of El Abir, with easy access to beaches and nearby coastal towns.
The addition of this hotel is the result of a partnership between Pierre & Vacances and ATREAM. Together, the two groups are investing €2.7 million in renovating the property this winter, ensuring that Hotel Sun Palace provide sits guests with excellent service and comfort.
“Just a few months after consolidating the change of ownership of the group under the control of Mubadala Capital, this transaction reaffirms our commitment to the Spanish market: ambitious yet rigorous growth, focused on opportunities of true value,” said Oscar Güell, general director of Pierre & Vacances Spain.
Highlights:
- Pierre & Vacances Centre Park Group has added Hotel Sun Palace in ElAlbir, Spain, to its portfolio, making it the group’s sixth property in theCosta Blanca.
- Hotel Sun Palace has 216 rooms and is located between Benidorm andAltea, with access to nearby beaches and coastal towns.
- Pierre & Vacances and ATREAM are investing €2.7 million to renovate the hotel this winter, with the investment focused on upgrading theproperty and guest experience.
- The acquisition expands Pierre & Vacances’ presence in the Spanish market, following the consolidation of the group’s ownership under Mubadala Capital
