Swiss Life Asset Managers to acquire Axel Hotel Barcelona.

Swiss Life Asset Managers, an investment manager, agreed to acquire Axel Hotel Barcelona. Financial terms were not disclosed. "Leisure tourism should benefit from a swift recovery compared to hotels dedicated to business tourism, for which the rebound will take longer. With this acquisition, we want to take advantage of the upturn we have been noticing since this summer in major European cities," Johanna Capoani, Swiss Life Asset Managers Head Hotels Competence Centre.