Pérez-Llorca has advised Limestone Capital, a leading alternative asset manager focused on hospitality and travel, on the acquisition of Hotel Axel on Calle de Atocha in Madrid, from Hotel Investment Partners (HIP).
Limestone acquired the operational hotel from Hotel Investment Partners (HIP), a leading owner of resort hotels in Southern Europe owned by Blackstone-managed funds. This marks Limestone’s second hotel acquisition in Spain, solidifying its presence in the dynamic Spanish market.
Situated between Plaza Mayor and Park Retiro, the avant-garde hotel has a rich history and is well-known for its unique features. With its 88 well-appointed rooms, guests can enjoy a comfortable and relaxing stay. Additionally, the hotel features a rooftop pool, a vibrant bar and restaurant facilities, providing a vibrant city center experience for guests. Recognizing the tremendous potential of this prime location, Limestone Capital plans to continue to expand its potential value in the future.
Limestone Capital’s strategic growth aligns perfectly with its mission to deliver unparalleled hospitality experiences to travelers in prime European destinations. The acquisition of the Madrid hotel signifies a significant step toward realizing this vision.
Alejandro Osma, corporate partner, Raquel Blanco, corporate counsel, Carlos Gabaldón, corporate lawyer, Alberto Juárez, corporate lawyer, José Azqueta, partner of the tax department, Viktoriya Petkova, lawyer in the tax department, Diego Narbona, legal advisor for urban planning and environment