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A €21.5 million sale & leaseback for SCPI Cristal Life

The Inter Gestion REIM fund acquires its first hotel in Andalusia
A hotel asset operating under the Senator Hotels & Resorts brand in Almeria (DR)
A hotel asset operating under the Senator Hotels & Resorts brand in Almeria (DR)
Business Immo
December 4, 2024 | 7:43 AM

Translated from French.

On behalf of its Cristal Life SCPI, Inter Gestion REIM has finalized the acquisition of a hotel asset operating under the Senator Hotels & Resorts brand in Almeria. With a surface area of 12,890 m², 331 rooms, two swimming pools, several restaurants and a spa, this 4-star establishment has been signed as part of a sale & leaseback with a 20-year triple net lease. The total value of the equity investment was €21.5 million.

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