CBRE, the world's leading real estate consultant, has advised D. Loulé 112/126 S.A. on the sale of Hotel Exe Liberdade, located near Marquês de Pombal, in the heart of Lisbon. The asset is leased to Hotusa, a Catalan operator, and was purchased by a hotel fund managed by Swiss Life, one of the largest life insurance companies in Europe.
Located in a prime area of the city, the three-star hotel offers 163 rooms spread over eight floors. Each accommodation pays a tribute to Lisbon by displaying different ex-libris of the Portuguese capital on the walls. The Exe Liberdade also offers amenities such as bar and cafeteria services, and a covered car park.
"Hotel expansion in the city of Lisbon remains extremely dynamic, mainly due to the increasing number of tourists who visit the city. The number of international players looking for this type of investment continues to grow, especially when the assets are in central areas with a high tourist flow, as is the case of Exe Liberdade."
Duarte Morais Santos, Associate Director at CBRE Hotels
Francois Cédelle, Hotel Fund Manager for Swiss Life added “we are pleased to complete the first acquisition of Swiss Life in Portugal. The hotel benefits from an attractive value proposition in an under-supplied market segment and we are looking forward to working with the operator, Hotusa.”