Meridia I

Meridia I

A global fund focused on premium hotel properties

Meridia I was launched with committed equity of 150 million euros, with the inflow of capital to the Fund closed at the beginning of 2007. Our target was to build a balanced portfolio with a significant stake in emerging markets. We aimed to invest in premium hotel properties internationally, with a particular focus on Latin America and Europe. We acquired hotel real estate mostly in urban markets and partnered with the world’s leading international hotel brands.

According to Preqin*, the vehicle was a top 10% performer amongst global real estate funds with 2007 vintage. It was also the fourth best performing fund in Europe.

The Fund was successfully liquidated, having exited most of its portfolio throughout 2013 and 2014.

Meridia Capital Partners is one of just a few global institutional managers with experience in Latin America. With full ownership of four assets in Latin America’s three most relevant markets, the hotel real estate portfolio in this area was represented by more than 900 rooms, distributed between the Four Seasons Hotel in Mexico City, the InterContinental Hotel in Sao Paulo and the Ritz-Carlton and Crowne Plaza Hotels in Santiago de Chile.

In Europe, Meridia I’s portfolio included the W Paris Opera Hotel. The deal also comprised the development of Apple’s flagship store in Paris, adjacent to the hotel and sold in 2012.

In 2008, Meridia I took a minority 25% stake in the investment of a three resort portfolio in Thailand operated by Six Senses Resorts & Spas and exited in 2010.

*as of 06/2016

Investment Strategy Meridia I

Meridia I

Our Projects

  • Phuket and Hua HinSix Senses

    The 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.  

    Website: http://www.sixsenses.com/

  • ParisApple Store

    This 1,400 sqm retail space forms part of the 2008 acquisition of the W Paris Opera Hotel building. 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.

    Website: https://www.apple.com/

  • ParisW Paris Opera

    The 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. The W Paris Opera Hotel was officially opened in February 2012. 

    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.

    Website: http://www.wparisopera.com/

  • Santiago, ChileCrowne Plaza

    The Crowne Plaza Hotel in Santiago de Chile boasts the largest convention centre in the city, with 13 meeting rooms and capacity for 1,500 guests. This 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.

    Website: http://www.crowneplaza.cl/ 

  • Santiago, ChileRITZ-CARLTON

    This 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.

    Website: http://www.ritzcarlton.com/

  • Sao PauloInterContinental

    The building was opened in 1996 but was purchased by Meridia I in 2009. The deal represented the group's entry into Brazil's hotel market. The acquisition of this property was a major opportunity to improve and reposition an asset with AAA location in Sao Paulo’s expanding market. Meridia I exited this investment in 2014. 

    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.

    Website: http://www.icsaopaulo.com.br/

  • Mexico CityFour Seasons

    This luxury 5-star hotel opened in 1994. Meridia I acquired it at the end of 2009 and sold it in May 2013. The Four Seasons Hotel in Mexico City offers 240 deluxe rooms and luxury suites in a colonial-style building at the centre of the city’s historic Paseo de la Reforma. Hotel amenities include a full-service spa with Mexican-inspired treatments, a refreshing outdoor pool and health club, and a high-tech business centre.

    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.

    Website: http://www.fourseasons.com/mexico/

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