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16 November 2016

Christie & Co closes a new deal in Galicia

Christie & Co, the leading specialist property advisor, has been involved in the operator search for the Ofiusa Hotel , in Ribeira (A Coruña)

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The Spanish hotel market is still recovering. Proof of this are the constant news of purchases, sales, renovations and new operator contracts that appear in the specialised press. It is in this environment that Christie & Co has closed a new deal in Galicia: the rental agreement of the well-known Hotel Ofiusa, in Ribeira (A Coruña). Since it was instructed in the last quarter of 2015, the Hotel generated a great interest both among national and international operators.

The Hotel Ofiusa, property of Hoteles Río Azor S.L., was being operated directly by the owners in recent years . Located in the municipality of Ribeira, A Coruña province, Hotel Ofiusa has 49 rooms and a truly spectacular enclave facing the Ría de Arousa. The hotel has also large spaces for events, a swimming pool, a bar and a restaurant.

The new operator, who started managing the hotel this past September, is Illa Hotels, a hotel company based in Andorra since 2014, which manages several hotels in Andorra and has also a wide range of hotel management partners in several companies. Illa Hotels will carry out works of improvement in the hotel too, and for them, the signature of this agreement is their first establishment in Spain.

Xosé Ramón Iglesias, co-owner of the Hotel, says: "Our relation with Christie & Co, specialised company in consultancy and brokerage in the hotel sector, has been decisive in designing and executing the referred deal. A team of professionals has been at our disposal to advise us. They have also got in contact to a high number of companies and corporations that might be interested in our product. For all this, with mime, patience and constancy, the operation has been a success. Thanks so much to the entire Christie & Co team, with whom we will certainly continue collaborating in development and hotel advisory”.

Adriana Illa, associate of Illa Hotels, adds: "At the time we decided to expand our hotel portfolio, we had the help and advice of Christie & Co to search for our first hotel in Spain. The Hotel Ofiusa fits perfectly with our hotel philosophy and our vision of the future, and we hope to be able to give the best service to all our future clients".

From Christie & Co, and in the words of our Managing Director for Spain & Portugal, Inmaculada Ranera: "As always, we wish many successes to our clients, and we are sure that the Ofiusa Hotel will achieve the new aims proposed by the new management, which undoubtedly will benefit both Illa Hotels and the owners".