Freshfields advises Archer on its €205m acquisition of the Madrid Edition Hotel
Freshfields Bruckhaus Deringer has advised Archer Hotel Capital on its acquisition of the Madrid Edition Hotel from KKH Property Investors for €205 million
Archer Hotel Capital, the hotel investment vehicle owned by the Singapore fund GIC and the Dutch pension fund APG, has closed the purchase of the Madrid Edition hotel for €205 million. The property will continue to be developed by KKH, and is centrally located by the Puerta del Sol and Plaza Mayor in Madrid, Spain. The property was owned by KKH Property Investors, the hotel’s developer, and operated under one of Marriot’s premium brands.
Archer is a European hotel investor, which also owns the Westin Palace in Madrid and the Hotel Arts in Barcelona, with a portfolio of 11 hotels across Europe. Freshfields already advised on the formation of Archer in 2018 and subsequently on the sale of the Paris Marriott Rive Gauche Hotel and Conference Centre in 2019. The Madrid Edition hotel will be one of the sector’s major premieres in the luxury segment. The hotel will have 200 rooms and suites and is expected to open in the last quarter of the year when construction is completed.
The Freshfields´ team was led by London office Real Estate partner Victoria Hills and Madrid office Real Estate partner and co-lead of the global transactions group in Spain Fernando Soto (pictured left), supported by Real Estate associates Abigail Gibb (London) and Francisco Moya (Madrid, pictured right).