August 8, 2019HENDERSON PARK ACQUIRES THE NEWLY LAUNCHED ALOFT MADRID GRAN VIA HOTEL
08 August 2019: Henderson Park, the pan-European private equity real estate platform, announces that it has acquired the Aloft Madrid Gran Via, a prime hotel in the centre of Madrid, Spain.
Operated by Marriott’s Aloft brand, which caters to the modern city traveller, the newly constructed 139-room hotel opened to guests in May 2019. Designed by award-winning hospitality specialists, the Rockwell Group, features of the 9,300 sqm 4 star hotel include a rooftop pool, a fitness centre, a 24- hour café and the WXYZ bar on the 13th floor with terraces offering panoramic views across the city.
The hotel is centrally located on Calle de Jacometrezo, just off the iconic Gran Via, which is Madrid’s single most visited street and top shopping and tourist destination, with the city’s Plaza de España and multiple metro stations also close by. The ongoing regeneration of the historical city centre of Madrid, including the recent pedestrianisation of Gran Via, has reinforced the local area’s attractiveness.
Madrid stands as Spain’s number one destination in terms of visitor numbers, attracting almost 10 million tourists in 2018. Hotel demand has surged over the last three years, driven by both business and leisure travellers, while supply has remained broadly static supporting high occupancy rates. Madrid’s international airport has seen improved global links, with a record 58 million passengers arriving in 2018, while the city is now a top ranked location for MICE participants, with 110,000 conference and event visitors last year.
Nick Weber, Founding Partner of Henderson Park, said: “This acquisition presents numerous compelling attributes on account of its prime institutional quality, exceptional central location and position in a top global city that benefits from ongoing regeneration and steadily growing demand. By leveraging our team’s track record in effectively managing hotel assets, in addition to our strong relationship with Marriott, we’re confident in our ability to further enhance the Aloft’s value and fully cater to the demand for its micro-location.
“With this marking our fourth investment in Spain, we remain confident in the prospects of the Spanish market, which has enjoyed a strong economic recovery and continues to draw high numbers of international visitors.”
MEDIA CONTACTS
FTI Consulting
Richard Sunderland / Ellie Sweeney / Catriona Flint
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About Henderson Park
Henderson Park is a pan-European private equity real estate manager based in London. It has invested over $5.8 billion in building a portfolio of real estate assets across Europe, primarily targeting Europe’s gateway and capital cities. It seeks high-quality assets in prime locations where it can identify potential to unlock or create value through asset management, or by taking on and working through complex situations. Henderson Park strives to work with and create long-term strategic relationships with best in class local operating partners. Henderson Park is led by Nick Weber, its Founding Partner and CEO.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
