Historic Palacio de Asturias hotel in Oviedo seeks new owner for 4.8 million euros

The Hotel Palacio de Asturias, located in Oviedo, has been put up for sale for 4.8 million euros.

The establishment, which opened in 2011 and remains in operation, has 49 rooms and a large plot of green areas.

This operation is part of a growing movement in the Asturian hotel market, which is attracting the attention of national and international investors.

The Hotel Palacio de Asturias, located on Calle de Los Arenales in Oviedo, near the El Salvador cemetery, has been put up for sale for 4.8 million euros. The operation brings to the market one of the largest hotel establishments in the city. The complex, which opened in 2011, remains in operation, and the owner is considering both its sale and the possibility of a lease. The building has 49 rooms, distributed among doubles, singles and family rooms, as well as various spaces dedicated to hospitality activities and events.

Its facilities include a restaurant-cafeteria, a function room with capacity for around 250 people, a professional kitchen, laundry and several auxiliary rooms. The hotel also has private parking with electric vehicle charging stations and a plot of approximately 14,000 square metres of green areas. Its location near the main access roads to the city has allowed the hotel to combine its activity with the organisation of celebrations, meetings and other events over the years.

For InasTour, the sale of emblematic properties such as the Hotel Palacio de Asturias represents a unique opportunity for investors looking to enter the Asturian hotel market. The region, with its growing tourist appeal and high-quality infrastructure, is consolidating its position as an attractive destination for investment in the hospitality sector, both for national and international buyers.

The sale of the Palacio de Asturias takes place in a context of growing movement in the hotel market in the region.

The sale of the Hotel Palacio de Asturias is a reflection of the dynamism of the Asturian hotel market. With its prime location, extensive facilities and capacity to host events, this establishment is a unique investment opportunity. The region is consolidating its position as an attractive destination for national and international investors, driven by its growing tourist appeal and quality infrastructure. This operation, together with others that have recently come to light, highlights the interest in a sector that is key to the economic development of Asturias.