CBRE Global Investors Acquires Madrid Hotel
- Feb 28, 2019
CBRE Global Investors, on behalf of its clients, has acquired Hotel Exe Moncloa, a four-star hotel in Madrid, Spain, from Lonta Investments 2016 SL, a wholly-owned subsidiary of Signal Real Estates Opportunities Fund LP.
The 161-key hotel, located at Calle Arcipreste Hita n. 10 in the heart of the Spanish capital, has more than 8,000 square feet of ground-floor retail, including the VIPS restaurant, as well as 124 parking spaces. Situated in the Moncloa district, the property is close to one of the largest transit hubs in the city and within walking distance to Princesa and Gran Via, the city’s prime shopping corridors.
CBRE Hotels facilitated the deal on behalf of the seller. A team of representatives from DLA Piper, PwC, JLL, Christie&Co and Clifford Chance acted on behalf of CBRE Global Investors.
Last month, affiliates of Starwood Capital Group acquired two office properties in Madrid and Barcelona for $142.5 million from Autonomy Capital.
Image courtesy of CBRE Global Investors