French private equity leader EXTENDAM announces the sale of the property and business asset of easyHotel Malaga. This centrally located 146-room hotel, with parking and a commercial space, has been operated by Continuum Hospitality Group since 2020.
Thanks to a dynamic revenue management policy, the hotel has optimized its rates while maintaining a high occupancy rate, becoming a key player in Malaga’s budget hotel sector.
Jean-Marc Palhon, chairman of EXTENDAM, said: “Spain is a particularly attractive country for hospitality. Our regular investments in the country prove it. As a cultural center and modern city, Malaga attracts more and more business and leisure visitors each year. In this context, easyHotel Malaga has met its clientele and recorded excellent operational performance“.