Global and well balanced portfolio of premium hotel properties with a particular focus on Latin America and Europe. Meridia I acquired hotel real estate mostly in urban markets and partnered with the world’s leading international hotel brands.
Meridia I
Meridia I
Top 10% performer amongst global real estate funds with 2007 vintage. Fourth best performing fund in Europe. (Source: Preqin)
Investment Strategy:
- Equity: €150M
- Hospitality; high end segment
- Global, focus on gateway cities in Latin America and Europe
- Launched in 2007; fully liquidated by 2014
Meridia I - Americas
- Mexico City, MexicoFour Seasons
- Santiago, ChileRitz-Carlton
- Santiago, ChileCrowne Plaza
- Sao Paulo, BrazilInterContinental
Mexico CityThis luxury 5-star hotel opened in 1994. Meridia I acquired it at the end of 2009 and sold it in May 2013.
Operator: Four Seasons Hotels & Resorts.
Location: Paseo de la Reforma, in Mexico City’s financial district, just a few minutes from Chapultepec Park and the upscale Polanco district.
Number of rooms: 240
Santiago ChileThis 5-star hotel opened in 2003. Meridia I acquired this property in August 2007 and sold it in 2013, together with the Crowne Plaza Hotel also in Santiago.
Operator: The Ritz-Carlton Hotel Company (Marriott).
Location: Santiago de Chile, in “El Golf” district, the city's most upmarket residential area.
Number of rooms: 205
Santiago ChileThis hotel opened in 1981 and was acquired by Meridia I in June 2007. After a major refurbishment in 2008, the Fund sold the hotel in 2013, together with the Ritz-Carlton Hotel in Santiago.
Operator: InterContinental Hotels Group.
Location: Santiago de Chile, located in the city centre and close to the main tourist attractions and government bodies.
Number of rooms: 293
Sao PauloAcquired by Meridia I in 2009 and divested in 2014. The deal represented the group's entry into Brazil's hotel market. During Meridia I´s tenure, the asset was improved and repositioned.
Operator: InterContinental Hotels Group.
Location: Sao Paulo, Brazil. Just a few minutes from Avenida Paulista, the business district and cultural centre of the city.
Number of rooms: 193
Meridia I - Europe
ParisThe W Paris Opera Hotel was acquired by Meridia I in February 2008, becoming our inaugural property in Europe. The Haussmann-style building was originally an office complex built in 1870 and boasted a total surface area of 8,500 sqm. Meridia led the reconversion of the property into a mixed-use project including hotel and retail space.
Operator: Starwood Hotels & Resorts.
Location: Paris, in the 9th arrondissement, just next to the prestigious Opera Garnier and the famous Gallerie Lafayette.
Number of rooms: 91
ParisThis 1,400 sqm retail space was acquired in 2008 as part of the W Paris Opera Hotel transaction. The iconic Apple Store opened in June 2010 and was sold in 2012.
Operator: Apple.
Location: Paris, in the 9th arrondissement, just next to W Paris Opera, very close to the prestigious Opera Garnier and the famous Gallerie Lafayette.
Meridia I - Asia
Phuket and Hua HinThe project undertaken in Thailand involved the acquisition in 2008 of a minority stake in a three hotel portfolio operated by Six Senses Hotels Resorts Spas. The Fund exited this deal at the end of 2010.
Operator: Six Senses Hotels Resorts Spas.
Brands: Evason and Six Senses Hideaway.
Location: Phuket and Hua Hin, Thailand.
