Lopesan disembarks in the financial center of Madrid

The largest hotel group in the Canary Islands comes to Madrid and does so in the financial center on Paseo de la Castellana. Lopesan Hotel Group has teamed up with Spanish-Swiss investment platform Stoneweg Hospitality to acquire the Miguel Ángel Hotel in largest operation closed in Spain this year.

millionaire’s purchase marks the arrival in Madrid of Lopesan, which aims to bring to this iconic hotel – an example of the luxury and elegance of recent decades in the Madrid hotel offer – the personalized experiences and services that characterize the group’s offerings in any of its six brands. Lopesan Collection Hotels, Lopesan Hotels & Resorts, Corallium by Lopesan Hotels, Kumara by Lopesan Hotels, Abora by Lopesan Hotels and IFA by Lopesan Hotels-.

The commitment to Miguel Angel represents Lopesan’s second foray into the urban tourism segment following its acquisition of Lopesan earlier this year. AC Hotel Iberia in Las Palmas Gran Canaria.

After this move, it is planned to carry out a comprehensive reconstruction of the building. The work is expected to last for a year, as the previous owner was General Mediterranean Holding SA SPF, a financial holding company founded by an Anglo-Iraqi businessman. Nadmi Auchihas kept it closed since the Covid pandemic was declared in 2020 while looking for a buyer.

Its renovation aims to highlight the architectural and decorative concept that characterizes the 241-room Hotel Michelangelo as a space of luxury and elegance. Lopesan aims to turn it into a new landmark in Madrid, focusing on its gastronomic offer and exclusive services“, the company said in a statement.

This iconic property joins Lopesan’s portfolio of 15,000 beds in 22 hotelsowned and operated, with a presence in five countries – the Dominican Republic, Germany, Austria and Thailand, as well as in Spain on the islands of Gran Canaria and Fuerteventura. Because although this island group is new to Madrid, it has more than 30 years associated with tourism

gained experience in creating micro-destinations and developed to create its own management structure under the Lopesan Hotel Management brand.

For its part, the investment platform Stoneweg Hospitalityalready well established in the European hotel sector, participates in this alliance as a key operating partner. The acquisition of the Miguel Ángel Hotel strengthens the company’s strategy of adding high-value properties located in the most desirable areas of major tourist destinations.

Alliance with Lopezan Hotel Group opens the door to a new hotel concept that integrates the leisure and business segments, delivering superior long-term profitability through personalized experiences, technology and sustainability.

The operation was closed due to the intervention of law firms Squire Patton Boggs And A&O Shirman who advised the seller and buyer respectively.

Stoneweg platform

Stoneweg is an investment platform in Real estate with headquarters in Geneva. The firm bases its operations on its own local teams in different regions to develop, implement and manage real estate strategies and investments.

Today Stoneweg completed more than 300 transactions worth almost 6.2 billion euros

. The investment philosophy is based on a bottom-up approach to investment selection, with local management teams and an extensive network of contacts that enable us to create the best opportunities.

Stoneweg offers both development strategies in various subclasses and debt strategies to institutional investors and asset managers with very flexible structuring.

Stoneweg has offices with local managers in Spain, Switzerland, USA, Italy, Andorra and Ireland.

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