Mazabi Sells Three Spanish Hotels for €54 Million

What's Happening?

Mazabi, a Spanish real estate-focused family office, has sold three hotels in Spain for €54 million. The properties include the four-star Letoh Letoh Gran Via in Madrid, the four-star Soho Boutique Puerto in Cádiz, and the three-star Room Select Tetuan in Seville, totaling 265 rooms. The Madrid and Seville hotels are operated by Room00 Group, while the Cádiz hotel is managed by Soho Boutique Hotels. This transaction leaves Mazabi with 17 hotels in its portfolio. The sale is part of Mazabi's strategic realignment, following its acquisition of a new hotel in San Sebastián in June 2025.

Why It's Important?

The sale of these hotels by Mazabi highlights the dynamic nature of the European hotel market, particularly in Spain. This transaction could influence the strategies of other real estate firms and hotel operators in the region, as they may seek to capitalize on similar opportunities. The involvement of established operators like Room00 Group and Soho Boutique Hotels suggests a continued interest in expanding their presence in key Spanish cities. This could lead to increased competition and innovation in the hospitality sector, benefiting consumers with more diverse and high-quality options.

What's Next?

Mazabi's decision to sell these properties may prompt other real estate firms to reassess their portfolios and consider similar transactions. The new owners, Room00 Group and Soho Boutique Hotels, are likely to invest in these properties to enhance their offerings and attract more guests. This could lead to renovations and service improvements, further stimulating the local hospitality market. Additionally, Mazabi's continued investment in new properties, such as the hotel in San Sebastián, indicates ongoing growth and diversification in its portfolio.