Catalonia Hotels & Resorts Buys Hotel Molina Lario in Malaga from Meridia

Catalonia Hotels & Resorts has completed the purchase of the Molina Lario Hotel in Málaga and the Gallery Hotel in Barcelona, previously owned by Meridia, which ... bought them in 2023 through its Meridia V fund, as reported in separate statements this Friday.

Both properties add up to 213 rooms and are located in "prime locations in the center of both cities" and have, verbatim, a solid tourist demand.

Meridia has carried out an active value creation strategy, with a capex program that has repositioned the two hotels in the high-end 4-star segment.

Meridia's real estate partner, Víctor Iborra, explained that the transactions "are a clear example of the liquidity that the hotel sector continues to show in Spain."

With this operation, Catalonia Hotels & Resorts reaches 30 hotels in Barcelona and its third establishment in Málaga. In the last two years, the company has accelerated its growth with new openings and acquisitions both in Spain and internationally. During this period, it has launched three establishments in Málaga, expanded its presence in Barcelona with three new additions, opened its eighth hotel in Madrid, and acquired its first resort in Jamaica, adding more than 1,200 new rooms to its global offer. Concurrently, it continues to advance in the construction of its first resort in Zanzibar and with the project of a third hotel in Ronda.

Looking ahead to next year, the inauguration of the Catalonia Grand Zanzíbar All Suites & Spa is planned, with a 5-star category, which is the first hotel of the chain on the African continent.