Alameda Partners has obtained authorization from the Spanish National Securities and Exchange Commission (CNMV) to set up Alameda Capital Spain, a management company specializing in the acquisition of hotels at an international level.
The management company Alameda Capital Spain was founded by César Losada and Patricia Márquez, hotel investors with 20 years of experience during which they have carried out more than 30 successful operations, after investing more than 1 billion euros in hotel assets in cities such as New York, Washington, London, Paris, Brussels, Berlin and Madrid.
"Our business model focuses on the acquisition of hotels in the main European cities and the United States, being the most stable and mature markets at the moment," said Patricia Márquez, Managing Director.
The objective is acquisition, repositioning and, after a period of maturation that in no case exceeds seven years, disinvestment. The assets are located in the center of the main European and American cities, in prime locations where the leisure-business binomial exists.
Patricia Márquez explains that the goal is to become a reference in hotel investment throughout Europe. "The idea is to invest the money a year from now. We have identified the opportunities very well. In Manhattan (New York), Paris and London, we are very clear on our goals and hope to make progress on them before the summer."
It will be relatively easy to raise the 250 million euros in capital, which can be increased to 600 million thanks to possible leverage: "We have already received interest of 160 million euros from three major investors," she said.
The investment period may be longer, but within a year they expect to have most of their assets purchased. "We will always invest in operating hotels, not in projects under development; we will reposition and negotiate a new lease. Everything in four- and five-star hotels, centrally located in European and American cities that can combine leisure and business," explains Patricia Márquez.
On its website, Alameda Capital mentions several operations, such as the acquisitions of:
- Gran Hotel Montmartre in Paris (2001)
- Regency Palace in Brussels (2002)
- Harrington in London (2004)
- Kensington in London (2005)
- Steigenberger in Berlin (2006)
- Crowne Plaza in Cologne (2007)
- Holiday Inn in Madrid (2012)
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