Meridia has sold two premium hotels in Spain to Catalonia Hotels & Resorts following a successful value-add repositioning strategy, capitalizing on the strong recovery of the country's hospitality market.

Target Information

Meridia has successfully finalized the sale of two premium hotels located in Barcelona and Málaga: Hotel Gallery and Hotel Molina Lario. Acquired off-market in 2023 through the Meridia V fund, the portfolio includes a total of 213 rooms and is strategically positioned within Spain's vibrant urban hospitality markets. Both hotels enjoy prime central locations that attract high tourist volumes, making them valuable assets in the hospitality sector.

Following their acquisition, Meridia implemented an effective value-add strategy that involved a comprehensive capital expenditure program and astute asset management. The properties were repositioned into the upper four-star segment while upholding elevated environmental, social, and governance (ESG) standards. Furthermore, by managing the hotels internally, Meridia retained a high level of operational flexibility, which significantly enhanced both properties' performance and competitive standing.

Industry Overview in Spain

The hospitality industry in Spain has been resurgent following the pandemic, showcasing robust growth across major cities, particularly Barcelona and Málaga. With their rich cultural heritage, scenic landsca