MADRID-UK-based Continental Property Investment, the investmentfund controlled by British investor Boutros El Khoury, has paid$174 million to purchase Triangle Princesa hotel complex here fromstruggling listed group Metrovacesa – the largest Spanish hoteldeal of this year so far.

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After more than one year of negotiations, El Khoury has closedthe purchase of the Five-Star Husa Princesa and Four-Star HusaMoncloa, both located in the city center of Madrid and locallyknown as Princesa Triangle. The complex is composed of the twohotels (423 rooms), a 40,000-square-foot office building rented toEl Corte Ingl

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