Meridia acquires two select-service hotels in Madrid
Meridia is delighted to announce the acquisition of two newly developed hotels in Madrid, comprising a total of 386 keys. The assets — Hotel Madrid Centro Atocha and Hotel Ibis Budget Madrid Aeropuerto — are strategically located in high-demand areas and will be operated under hotel management agreements with Continuum Hospitality Group, adhering to the highest ESG standards.
The Atocha hotel, with 230 rooms and 102 parking spaces, is within walking distance from Madrid’s main train station, key corporate hubs, and cultural landmarks. The Barajas property, offering 156 rooms and 53 parking spaces, is ideally positioned near the airport, IFEM convention centre, and Madrid’s logistics corridor. Both hotels are recently built and already demonstrate strong operational performance, with further value creation potential as they
continue to ramp up and consolidate operations.
This transaction marks the fifth investment by Meridia V and its first in Madrid, further expanding the Fund’s presence in hospitality. Meridia V’s strategy is centred on three core sectors — Hospitality, Logistics, and Living — and this acquisition adds to a growing and diversified portfolio that includes hotels in Barcelona, Málaga and Ibiza, a major logistics development in Valencia, and a prime residential project in Palma de Mallorca. The Fund continues to focus on value-add opportunities in high-demand locations across Spain.
Victor Iborra, Partner at Meridia, commented: “Hospitality has been a core investment theme across all Meridia funds to date, making it one of our most experienced and high conviction asset classes. Meridia has a strong track record in the budget hospitality segment, having invested in a platform with B&B through Meridia IV. This transaction reflects Meridia’s strategic focus on identifying segments with strong fundamentals. Madrid is seeing record tourism growth and strong investor interest, especially in the select-service segment, which remains underdeveloped in Spain.” Uría Menéndez, Ernst & Young and Almar Consulting acted as advisors to Meridia in this
transaction.
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