Announced
Completed
Financials
Sources
Tags
hotel
Hotels and Motels
Acquisition
Private
Majority
Completed
Single Bidder
Spain
Cross Border
Private Equity
Real Estate
Friendly
Synopsis
The Olayan Group, a private equity firm and hotel owner, completed the acquisition of Mandarin Oriental in Barcelona, a 120-room hotel, from Reig Capital Group, a family office that engages in managing the investments, for €240m ($262m). Mandarin Oriental is expected to continue operating the hotel, which is located on Barcelona’s famed street Passeig de Gràcia. The nine-floor hotel opened in November 2019.
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