In 2001, Mr Javier Faus assembled a consortium of investors for the €235M acquisition of real estate portfolio HOVISA, owner of Hotel Arts (Ritz-Carlton) in Barcelona. Mr Faus became President and minority shareholder of the company. In 2006 he led the disposal of HOVISA to a JV formed by ABP, Host Hotels & Resorts and GIC (Government of Singapore) for €417M. This transaction is used as a case study in some of the world’s most renowned business schools.
The origin of Meridia Capital Partners
Successful exit – at the time, the highest price ever achieved for a single real estate asset in Spain.