Essendi advances its hotel portfolio strategy with the sale of its assets in Argentina
Paris – Essendi, a leading hotel owner and operator in Europe, announces the strategic sale of its portfolio of assets in Argentina to ISWM Group. The portfolio is composed of five hotels located in Buenos Aires and Mendoza. This transaction is a key step in Essendi’s asset management strategy, aimed at consolidating the Group’s positioning in the economy and midscale segments in Europe.
Since 2021, Essendi has been pursuing the transformation of its hotel portfolio, focusing on the most profitable, mostly owned assets in the economy and midscale segments in Europe, to increase their quality and value. This strategy is also reflected in recent initiatives such as the opening of the new TRIBE Krakow Old Town in Poland, the buy-back of…
