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Meridia Capital completed the acquisition of Hotel Gallery Barcelona and the Molina Lario Hotel from Gallery Hotels for €85m.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

Majority

Private Equity

Friendly

Hotels and Motels

Acquisition

Domestic

Private

Completed

Single Bidder

hotel holding

Synopsis

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Meridia Capital, an alternative investment fund manager, completed the acquisition of Hotel Gallery Barcelona and the Molina Lario Hotel from Gallery Hotels, a hotel holding company, for €85m. "Meridia V enters the market in a unique moment. We will continue to execute our thematic, growth-focused investment strategy, while prioritizing investments with strong local proprietary angles. By combining our strategic approach, market expertise, and commitment to sustainability, Meridia V aims to capitalize on the current window of opportunity and deliver superior value for our investors. Our initial investment in these prime hospitality assets of Barcelona and Málaga is a clear example of such strategy," Héctor Serrat, Meridia Real Estate Partner.

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