Lopesan Hotel Group and Stoneweg Hospitality join forces to acquire Hotel Miguel Angel in Madrid

Posted in Business, News on 18 November, 2024

The transaction marks the largest deal in the Spanish hotel sector for 2024.
The hotel, a symbol of luxury on Madrid’s Paseo de la Castellana, is set to be revitalised by this investment, reaffirming its status as a beacon of exclusivity and elegance.

Lopesan Hotel Group, the leading hotel company from the Canary Islands, in partnership with the investment firm Stoneweg Hospitality, has acquired the Hotel Miguel Angel, previously owned by General Mediterranean Holding S.A SPF, an iconic luxury hotel in the heart of Madrid’s Paseo de la Castellana.

This transaction represents Lopesan Hotel Group’s entry into Madrid, with the objective of bringing its personalised experiences and signature services to the hotel, while also embarking on a revitalisation of its architectural and decorative concept. Thus, this iconic property joins a portfolio of 22 owned and managed hotels with a presence in five countries.

The acquisition of Hotel Miguel Angel represents Lopesan Hotel Group’s second venture into the urban tourism segment, following the acquisition of the AC Hotel Iberia in Las Palmas de Gran Canaria earlier this year. With this move, Lopesan Hotel Management, the group’s management arm, will incorporate this landmark Madrid hotel into its brand portfolio and elevate its value proposition with a comprehensive renovation expected to last one year.

The transformation of Hotel Miguel Angel, with its 241 rooms, aims to offer guests a luxurious and cutting-edge experience, turning it into a new attraction in Madrid, with a special emphasis on exclusive gastronomic offerings and services.

Stoneweg Hospitality, which is already firmly established in the European hotel sector, joins the alliance as a key operational partner. The acquisition of Hotel Miguel Angel furthers the company’s strategy of adding high-value properties in the most desirable locations of major tourist destinations.

This partnership with Lopesan Hotel Group will modernise this historic building and create a new hotel concept that combines leisure and work offerings, delivering superior long-term returns through personalised experiences, technology and sustainability.

About Lopesan Hotel Group
Lopesan Hotel Group is a holding company born in the Canary Islands, a leading tourist destination in Europe and a cradle of the tourism business. With over 30 years linked to tourism, the group has built its expertise in the creation of micro-destinations and has evolved to develop its own management structure under the Lopesan Hotel Management brand. Currently, it operates 22 hotels in destinations such as Germany, Austria, Thailand, the Dominican Republic, and the

Canary Islands, marketed under a portfolio of six brands tailored to various audience segments and travel motivations.

The company’s roadmap focuses on constant improvement, innovation, and growth through sustainable practices and investments aimed at achieving total decarbonization by 2030.

Some of its current projects include the second phase of construction of the Lopesan Costa Bávaro Resort, Spa & Casino in Punta Cana, and planning new tourism offerings in Gran Canaria.
www.lopesan.com

About Stoneweg
Stoneweg is a Real Estate investment platform with headquarters in Geneva. The firm operates through its local teams across various regions to originate, execute, and manage Real Estate strategies and investments.

To date, Stoneweg has completed over 300 transactions valued at nearly 6.2 billion euros. Its investment philosophy is rooted in a bottom-up approach for selecting investments, facilitated by local management teams and an extensive network of contacts, enabling access to the best opportunities.
Stoneweg offers both development and debt strategies across various asset classes to institutional investors and wealth managers, with highly flexible structuring.

The company has local management teams based in Spain, Switzerland, the United States, Italy, Andorra, and Ireland. www.stoneweg.com.

About General Mediterranean Holding SA, SPF
Established in 1979, GMH is a strong and diverse business group with activities in Banking & Finance, Real Estate & Construction, Hotel & Leisure, Industrial, Trading & Pharmaceuticals and Communications & IT.
Its interests today span across the Mediterranean and beyond with over 130 companies employing some 11,000 staff with representation in the Middle East, North Africa, Europe, the Americas, the Caribbean, the Asian Subcontinent and the Pacific Rim. The Group’s consolidated Assets now exceed US$ 3 billion.
www.gmhsa.com