Atom Hoteles has completed the divestment of the B&B Hotel Vitoria, its sole three-star property, which now passes to a family office in a €9.2 million transaction. The sale forms part of the company’s strategy to reposition its portfolio toward higher-end assets. Atom Hoteles Socimi—backed by Bankinter Investment and managed by GMA—retains a portfolio of 23 hotels with 5,572 rooms in the 4-star, 4-star Superior, 5-star and 5-star Grand Luxury categories, consolidating its position as Spain’s leading hotel-focused SOCIMI.
A city classic: when the hotel first opened, it was among the first high-rise buildings on the newly laid-out Gasteiz Avenue. Behind the project stood a group of local entrepreneurs determined to provide modern accommodation for the growing flow of travellers between Madrid and Bilbao; over time it became a benchmark for congress delegates and pilgrims stopping over in the Basque capital.
Today, renamed B&B Vitoria General Álava, the property still embodies that spirit of travel. Its 107 rooms are spread over ten floors on central Gasteiz Avenue, just metres from the Europa Conference Centre and less than ten minutes on foot from the historic quarter. Although positioned in the economy segment, the hotel boasts features unusual for its class: five flexible meeting rooms that together form one of the largest event spaces offered by any three-star hotel in northern Spain.