Schroders, a British multinational asset management company, completed the acquisition of the Grand Hotel Central, a Barcelona-based 5-star hotel, from Único Hotels, an owner of luxury lifestyle hotels, for €93m ($110m). "This transaction has multiple positive aspects. Firstly, it allows us to bring a quality investor with full knowledge of the sector to get involved with Barcelona. Secondly, it recognises the good work done to date by Único Hotels that will continue to manage the Grand Hotel Central through a management agreement. Finally, it significantly strengthens the balance of our group to continue with our expansion plan through new acquisitions that reinforce our asset-based focus taking advantage of opportunities that may arise in new destinations or in locations where we are already present," Pau Guardans, Único Hotels President and CEO.