Mazabi has completed the sale of three hotel assets located in Madrid, Seville, and El Puerto de Santa María (Cádiz) for over €54 million, following its strategy of asset rotation to maximize the profitability of its investments.

The assets sold are:

  • LETOH LETOH Gran Vía (Madrid): a three-star hotel with 90 rooms and 3,338 sqm, located at Calle Leganitos 41, just steps from Gran Vía and Plaza de España.
  • Room Select Tetuán (Seville): a three-star hotel with 74 rooms and 2,400 sqm, situated at Calle Jovellanos 8, in the historic city center. It is operated by Room007 Hotels & Hostels.
  • Soho Boutique Puerto (El Puerto de Santa María, Cádiz): a four-star hotel with 101 rooms and 6,244 sqm. Located near Playa de La Puntilla, it offers views of the Guadalete River and has an indoor pool. It is managed by Soho Boutique Hotels.

An active and selective rotation strategy

According to Juan Antonio Gutiérrez, CEO of Mazabi, “these transactions are part of our asset rotation strategy, aiming to optimize the profitability of our investments and consolidate an active and efficient asset management. The three hotels were located in strategic locations and have fully met our investment objectives.”

The hotels in Madrid and Cádiz were acquired in 2021, while the Seville property has been part of Mazabi’s portfolio since 2019. With this sale, the company maintains its focus on investing in well-positioned hotel assets in key destinations across Spain.

Current portfolio and recent operations

Following these divestments, Mazabi’s hotel portfolio consists of 17 assets valued at over €400 million. The firm continues to strengthen its position in the sector through geographic diversification, strategic location selection, and the pursuit of sustainable long-term value.

These transactions add to other recent deals completed by Mazabi, such as asset rotations in Córdoba, Madrid, and Castilla y León during 2024, amounting to approximately €50 million, as well as the acquisition of a luxury hotel in San Sebastián.

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