Stoneweg completed the acquisition of two hotels in Spain from Globalia for €83m.

Stoneweg, a real estate investment company, completed the acquisition of two hotels in Spain from Globalia, a Spanish tourism group. for €83m. “This was a rare opportunity to establish a footprint in two of Spain’s top performing hospitality destinations, a market where the tourism sector has enjoyed an unprecedented post-covid rebound, and add two assets that complement our existing high-quality portfolio. “While already offering strong fundamentals in their own right, in line with our existing strategy, our highly experienced team will upgrade and reposition the assets in order to generate additional returns through the creation of differentiated products from a concept and branding perspective,” Miguel Casas, Stoneweg Managing Director.