Access the main content

Investments

Meininger debuts in Spain

The Arcano Value Added Real Estate II fund has acquired an industrial building in the city of Barcelona with the intention of converting it into a Meininger branded property.

The 6,500 m² industrial building, until recently unused, will be rehabilitated by the architectural firm L35, which will refurbish and renovate it into a 163-room hotel meeting the highest standards of energy efficiency and sustainability.

The first Meininger-branded hotel in Spain is scheduled to open in 2024. It will add to the chain's portfolio of 34 properties in 23 European cities such as Amsterdam, Berlin, Copenhagen, Milan, Munich, Paris, Rome and Vienna. 

We are very proud to have closed this deal. At Arcano Real Estate, we have demonstrated a great ability to identify assets with potential and turn them into first-class buildings [...] It is an honour to have assisted Meininger Hotels in entering the Spanish market and we look forward to delivering the hotel they have been waiting for to start their journey in our country. 

Alejandro Adán, Real Estate Partner at Arcano Partners 

Meininger's hybrid hotel product will be a great contribution to the local hospitality market. Our concept meets the needs of families, groups, backpackers and business travellers. 

Nicolas Capelle, Vice President of Development and Asset Management, Meininger Hotels

Loading...

You have consulted 10 content. Go back home page or at the top of the page.

Access next article.

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?