Spain
Cuatrecasas advises Acalios Invest on selling Gallery Hotel (Barcelona) and Hotel Molina Lario (Málaga)
October 16, 2023
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SubscribeCuatrecasas has advised Acalios Invest, S.L.U. on selling company Gallery Center, S.L. to investment fund manager Meridia Capital. The fund manager has acquired the Gallery Hotel in Barcelona and Hotel Molina Lario in Málaga, in a sale process where other large groups including Pontegadea and Millenium were also bidding.
The 4-star Gallery Hotel, built in 1991, is located in the heart of Barcelona’s Eixample district, between Rambla Catalunya and Paseo de Gracia, and is a hive of activity as a meeting and convention center. The Hotel Molina Lario is also a 4-star establishment and is located in the heart of Málaga’s city center. This asset is made up of two renovated buildings with their original 19th century façades, and a third completely new building.
Meridia has acquired both properties, totaling over 200 rooms, and the company that operates them, with the objective being to manage and reposition the two hotels to a 4-star superior category.
The Cuatrecasas team advising on the transaction was led by Víctor Xercavins and Ane Ballano (Corporate) and Maribel Villaró and Brígida Galbete (Tax).
October 16, 2023
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