Gaw Capital Partners, a real estate private
equity firm, has, through its European Hospitality Fund I managed
by GCP Hospitality, acquired a 50% stake in one of Spain's leading
boutique hotel brand, Hospes Hotel Group, of which its total asset
is valued at EUR125 million, forming a joint venture with a
Spanish investment company, Omega Capital.
Hospes Hotel Group has 10 luxury boutique hotels
situated in various prime locations across Spain, including
Madrid, Alicante, Granada, Valencia, Mallorca, Cordoba, Seville,
Caceres and Salamanca.
The properties are in close proximity to
some of Spain's most prominent historical sites and are designed
by respected and renowned architects to create their own unique
atmosphere and style.
Goodwin Gaw, Chairman and Managing Principal of
Gaw Capital Partners, said, "We are delighted to form a joint
venture with Omega Capital through our European Hospitality Fund I
managed by GCP Hospitality to acquire a 50% stake in Hospes Hotel
Group. Entering the Spanish market with one of Spain's most
distinguished entrepreneurs marks an important milestone for Gaw
Capital Partners and its hospitality platform, GCP Hospitality, as
we look to expand our presence in Europe and tap the abundant
opportunities in one of the world's most popular tourism markets.
We will further expand the Hospes brand by opening more properties
in tourist areas and strategic cities within Spain and Southern
Christophe Vielle, CEO & Co-Founder of GCP
Hospitality, said, "We are thrilled to expand our hotel portfolio
to Europe. The acquisition of Hospes Hotel Group is a testament to
GCP Hospitality's strong track record of successfully launching
and operating top-of-the-range hotels and hospitality brands. With
a very positive outlook for the continent's tourism industry, we
are actively exploring ways to expand our portfolio in Europe. We
will leverage the reputation of Hospes Hotel Group as well as our
international network to increase the brand's footprint."