Spain: Private equity firm Companions Group alongside Trinity Investments and one other investor have acquired the 240-key Hoxton Poblenou resort from Norlake Hospitality.
The transaction falls below Companions Group’s world 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 Standard Hotel in London final yr.
Stephen McCall, managing director, actual property, Companions Group, stated: “The Hoxton Poblenou is completely positioned to capitalise on Barcelona’s distinctive attraction to each enterprise and leisure guests. Executing a worth creation plan within the resort sector is specialised and operationally intense, which is why we have now constructed vertical depth into our hospitality technique by partnering with Trinity on this transaction.”
The Hoxton Poblenou opened in spring 2022, positioned 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 resort’s group bookings and enhance its F&B providing.
Highlights:
- Companions Group has acquired the 240-key Hoxton Poblenou resort in Barcelona alongside Trinity Investments and one other investor.
- The deal kinds a part of Companions Group’s world hospitality actual property technique, which has a portfolio worth of round USD $1 billion.
- It marks the fourth transaction between Companions and Trinity for the reason that former took a minority stake within the operator in 2023.
- The Hoxton Poblenou is positioned 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 resort’s meals and beverage providing.
