Meridia completed the acquisition of Hotel Presidente.

Meridia, an alternative investment fund manager investing in private markets in Spain, completed the acquisition of Hotel Presidente, a hotel located on the north coast of Ibiza. Financial terms were not disclosed. “The acquisition of this hotel marks a fundamental strategic milestone for us. Meridia is a leading platform specialized in creating long-term value within the Spanish real estate market. “Throughout its long history, it has proven that it can deliver solid results in all market cycles,” Javier Faus, Meridia President and CEO.