Primonial completed the acquisition of B&B Hotel Barcelona Sant Cugat from B&B Hotels.

Primonial, an operator of a real estate asset management company, completed its acquisition of B&B Hotel Barcelona Sant Cugat from B&B Hotels, an economy class hotel chain. Financial terms were not disclosed. "Despite the crisis that arose after Covid-19, at B&B Hotels we continue with our strong growth in Spain and Portugal. Two key markets for the development of the B&B HOTELS Group in our ambition to remain the undisputed leader of budget hotels. To do this, this year we will continue to strengthen large squares such as Madrid and Barcelona, ​​in addition to opening new ones such as we recently did in Murcia . We currently have a large number of ongoing projects and we continue to seek opportunities to continue our sustained growth in the Iberian Peninsula with the aim of expanding our network," Lucía Méndez-Bonito, B&B Hotels CEO.