Inauguration of Valencia’s biggest hotelLaurence Lemoine
The American giant Greystar, owner of apartment rentals and university accommodations, has just opened their first hotel in Valencia, with 442 rooms, “Resa Patagonia” is now the most important of the metropolitan area.
The American company, which already owns two university residencies in Valencia with its subsidiary company “Resa”, is eager to diversify its customer base. Therefore, “Resa Patacona” targets not only seaside tourism, but also urban and young people, looking to combine tourism and teleworking. The building takes advantage of its strategic location: a stone’s throw away from Patacona beach (Alboraya), close to Valencia’s university campuses and 10 minutes away from the Valencian city centre.
Each floor features common areas such as kitchens and dining rooms, as well as work areas for professionals. The hotel also has gyms, games areas, bars, and restaurants with terraces.
A project that was meant to be forgotten
The rather impressive cylindrical glass building has 8 floors and more than 20,000 m²: it was originally designed to house offices, but the 2008 crisis froze the project for years. The building was later transformed into a student residence and then finally into a hotel.
Last November Greystar, Axa and CBRE acquired the building, which was in the final stages of construction. Greystar already owns a significant number of rental flats in the United States. They are the market leader with approximately 700,000 beds under management.
The establishment in Alboraya (a municipality bordering Valencia), that opened a few days ago, currently has 40 occupied rooms, but the company is looking forward to the end of the state of emergency and travel restrictions to increase the number of bookings from next week onwards.