Post by account_disabled on Mar 13, 2024 5:44:07 GMT -5
Meridia Capital Partners expects to invest 200 million euros to acquire land on the outskirts of the main cities of Spain and build hotels with between 100 and 200 rooms that will be leased with a fixed contract to B&B Hotels.
As reported by the hotel company in a statement, Meridia will develop this strategy together with Lexxa Hotels, which will assist in the search for opportunities, execution of development work, financing and exit.
In addition, the hotels will be developed and operated Phone Lead with the highest sustainability standards and will always adhere to an international certification such as LEED or BREEAM.
The investment fund manager has already made the first investments for this program in Spain, having acquired four lands in Vallecas (Madrid), two in Seville and one in Vilaseca (Tarragona). The four establishments to be developed will have more than 500 rooms in total and are expected to be operational starting in 2024.
Meridia continues to analyze similar operations in locations with high demand for this type of product and hopes to materialize them in the coming months. B&B Hotels, for its part, is accelerating its expansion in Iberia, where it already has 45 hotels in Spain and 11 in Portugal, offering more than 5,000 rooms.
The hotel company's CEO for Spain and Portugal, Lucía Méndez-Bonito, has highlighted that this alliance with Meridia will be "key" to maintaining a good pipeline and increasing its number of hotels at a higher rate than the current one. "We closed 2022 with 52 hotels in Iberia and the forecast is to reach more than 60 in 2023," she added.
As reported by the hotel company in a statement, Meridia will develop this strategy together with Lexxa Hotels, which will assist in the search for opportunities, execution of development work, financing and exit.
In addition, the hotels will be developed and operated Phone Lead with the highest sustainability standards and will always adhere to an international certification such as LEED or BREEAM.
The investment fund manager has already made the first investments for this program in Spain, having acquired four lands in Vallecas (Madrid), two in Seville and one in Vilaseca (Tarragona). The four establishments to be developed will have more than 500 rooms in total and are expected to be operational starting in 2024.
Meridia continues to analyze similar operations in locations with high demand for this type of product and hopes to materialize them in the coming months. B&B Hotels, for its part, is accelerating its expansion in Iberia, where it already has 45 hotels in Spain and 11 in Portugal, offering more than 5,000 rooms.
The hotel company's CEO for Spain and Portugal, Lucía Méndez-Bonito, has highlighted that this alliance with Meridia will be "key" to maintaining a good pipeline and increasing its number of hotels at a higher rate than the current one. "We closed 2022 with 52 hotels in Iberia and the forecast is to reach more than 60 in 2023," she added.