All Iron to acquire Hotel Gran Ronda from BCN Urbaness for $19m.

Synopsis

All Iron, an apartment hotel chain, agreed to acquire Hotel Gran Ronda from BCN Urbaness, a chain of hotels for $19m. The objective is to transform the building, which is currently a three-star establishment, into a complex of 38 serviced apartments, which will be used for short and medium stay accommodation.

Principals

target

Hotel Gran Ronda

bidder

All Iron Venture

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Market Context

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Bidder Team (2)

jose ramón berecibar

Partner at Cuatrecasas Goncalves Pereira

Lawyer

bidder

Deals

£ 1.90 B

Total Value

santiago bayo

Senior Associate at Cuatrecasas Goncalves Pereira

Lawyer

bidder

Deals

£ 56 M

Total Value

Vendor Team (1)

eduardo lopez fernandez

Managing Director at BCN URBANESS

Manager

vendor

Deal

£ 13 M

Total Value

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