The investment group mexican BK Partners has announced on Monday the acquisition of the hotel Villa Magna in Madrid for € 210 million. The purchase, which will close this December, is one of the largest in the sector and is carried out through RLH Properties, the group’s subsidiary specializing in hotels. The operation has already been communicated to the Mexican Stock exchange, where listed RLH.
MORE INFORMATION The new owners of mexican Villa Magna shuffled to give input to an international brand in hotel tourism boom makes return to Hyatt
up to now owner of the Villa Magna, the holding Turkish Dogus, paid by the establishment to 180 million in 2016. The operation was a record in cost-per-room, which was 1.2 million since the hotel has 150 rooms. The new offer supposed to raise the price to 1.4 million. With the change of owner, the hotel could again be managed by one of the big international brands (Hyatt did until 2008), according to forward Five Days.
In absolute terms, we must go back more than a decade, before the bursting of the housing bubble, to find shopping of hotels for a higher amount. It Gorabet was the case of the Arts Barcelona, acquired by the sovereign wealth fund of Singapore and partners for 417 million or the Westin Palace Madrid, who bought Marriott and two partners for 385 million. In both cases, however, they are establishments that come close to 500 rooms.
BK Partners is a mexican company that manages investments through various subsidiaries. Presided over by a personal friend of the king emeritus Juan Carlos, the mexican Allen Sanginés-Krause. Two other partners of the firm, the brothers Jerome and John Bremer, also are mexican and the fourth partner is the Spanish Borja Climbing. One of the sectors in which they invest is the hospitality, and these operations are carried out through RLH Properties.
This society, which also has its headquarters in Mexico City, is engaged in the acquisition and development of hotels of luxury. In your portfolio include the Four Seasons hotel in the mexican capital, and two developments on the coast of that country. One of them, the Mayakoba resort in the Riviera Maya, was recently acquired by Spanish group OHL.
