Spain: Non-public fairness agency Companions Group alongside Trinity Investments and one other investor have acquired the 240-key Hoxton Poblenou lodge from Norlake Hospitality.
The transaction falls underneath Companions Group’s international hospitality actual property technique, which has a USD$1 billion gross asset worth portfolio.
It represents the agency’s fourth funding with Trinity since buying a strategic minority stake within the operator in 2023. It follows the joint acquisition of The Normal Resort in London final 12 months.
Stephen McCall, managing director, actual property, Companions Group, mentioned: “The Hoxton Poblenou is completely positioned to capitalise on Barcelona’s distinctive attraction to each enterprise and leisure guests. Executing a price creation plan within the lodge sector is specialised and operationally intense, which is why we’ve got constructed vertical depth into our hospitality technique by partnering with Trinity on this transaction.”
The Hoxton Poblenou opened in spring 2022, situated within the metropolis’s 22@ District. It options 4 meals and beverage venues, a rooftop space and pool, and greater than 1,000 sq. metres of assembly and occasion area.
The brand new homeowners plan to develop the lodge’s group bookings and enhance its F&B providing.
Highlights:
- Companions Group has acquired the 240-key Hoxton Poblenou lodge in Barcelona alongside Trinity Investments and one other investor.
- The deal kinds a part of Companions Group’s international hospitality actual property technique, which has a portfolio worth of round USD $1 billion.
- It marks the fourth transaction between Companions and Trinity because the former took a minority stake within the operator in 2023.
- The Hoxton Poblenou is situated in Barcelona’s 22@ District and opened in spring 2022, providing F&B, rooftop facilities, and occasion area.
- The brand new possession plans to boost group bookings and additional develop the lodge’s meals and beverage providing.
