Global Bouvet Sells Costa Brava Hotel Advised by BNP Paribas Real Estate
Deal News | Jun 17, 2025 | Finance Community ES 2 - Corporate M&A
BNP Paribas Real Estate has successfully advised Global Bouvet in the sale of a hotel located in the Costa Brava, Girona, to the French SCPI Elialys, which is managed by Advenis REIM. This transaction aligns with the investor's strategy, reflecting a buoyant real estate market punctuated by strategic asset selection and repositioning capabilities amid limited product availability and high investor demand. The asset in question, operated by Prestige Hotels, offers 56 rooms and spans nearly 2,000 square meters, situated near Roses beach, a highly attractive tourism spot in Catalonia. The deal closed at a yield of 7.25%, secured by a long-term lease agreement that enhances its stability as an investment. Joan Duran Morales, Hotels CM Associate Director at BNP Paribas Real Estate, notes that rising investor appetite coupled with scarce available product is driving prices upward and creating competitive markets.
Sectors
- Real Estate
- Hospitality
- Investment Management
Geography
- Spain – The hotel in the transaction is located in Costa Brava, Girona, Spain.
- France – The purchasing entity, SCPI Elialys, is a French real estate investment entity managed by Advenis REIM.
Industry
- Real Estate – This industry is relevant to the article as it deals with the sale of a property, specifically a hotel, indicating a transaction in the real estate market.
- Hospitality – The hotel operation involves the hospitality industry, showcasing trends in tourism and hospitality investments.
- Investment Management – This involves strategic investment decisions, as seen through Advenis REIM's management of Elialys and the investment-centric details of the deal.
Financials
- 7.25% – The yield of the transaction sealed with a long-term lease agreement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Global Bouvet | Selling Company | Company | Global Bouvet is the owner of the hotel being sold in the transaction. |
| BNP Paribas Real Estate | Advisor | Company | Provided advisory services to Global Bouvet for the sale of the hotel. |
| Elialys | Bidding Company | Company | The French SCPI entity managed by Advenis REIM, acquiring the hotel. |
| Advenis REIM | Managing Firm | Company | Manages SCPI Elialys, involved in the acquisition of the hotel. |
| Prestige Hotels | Hotel Operator | Company | Operates the hotel involved in the transaction. |
| Joan Duran Morales | Commentator | Person | Hotels CM Associate Director at BNP Paribas Real Estate, provided commentary on the market dynamics. |