LONDON— The Hotel Arts complex in Barcelona has been sold, representing Europe’s largest single-asset hotel transaction in 2001, according to Jones Lang LaSalle. London-based Deutsche Bank AG’s Real Estate Private Equity group, together with Patron Capital Partners and a number of undisclosed co-investors, have acquired the Hotel Arts complex from a Dutch-based holding company. Jones Lang LaSalle Hotels acted as exclusive advisor to the owners throughout the transaction process. The sale of the Hotel Arts complex is the largest single-asset real estate transaction ever recorded in Spain, surpassing all office, retail and warehousing transactions, said JLL. The complex includes a 455-room deluxe hotel, 28 unique apartments, retail space of approximately 139,932 square feet including a casino, 133,193 square feet of office space, a vacant plot zoned for office and/or hotel uses and an underground car park. The 44-story hotel, managed by Ritz Carlton, is located in the Port Olympic with views of the Mediterranean Sea. “The price achieved and the strong interest generated in the hotel underpins investor confidence in quality European hotel assets,” stated Nick Marsh, executive vice president of Jones Lang LaSalle Hotels, Europe, who concluded the deal.