OHLA and Mohari Hospitality have reached a preliminary agreement to divide assets at the Canalejas Centre in Madrid, enhancing their strategic focus on their core areas of expertise in luxury hospitality and infrastructure.

Information on the Target

OHLA, a global infrastructure company, and Mohari Hospitality, a global investment firm specializing in the luxury hotel sector, have announced a preliminary agreement regarding the asset division of the Canalejas Centre in Madrid. Under the terms of the agreement, OHLA will acquire ownership of the Canalejas Gallery and the main parking facility, while Mohari will own the hotel operated by Four Seasons (Four Seasons Hotel Madrid), the commercial space occupied by Hermès, and the associated parking facilities.

This strategic asset division allows OHLA and Mohari to focus on their respective areas of expertise, thereby maximizing value creation and enhancing the experience for clients and visitors. Since the onset of their collaboration, both companies have demonstrated a shared commitment to excellence, mutual respect, and successful cooperation, contributing to consolidating Madrid's position as a key market in the luxury hotel and retail sectors.

Industry Overview in Spain

The Spanish luxury goods market, particularly within Madrid, has shown sustained growth, bolstered by increased tourism and a robust economy. Over the past few years, Madrid has emerged as a prominent destination for high