Lopesan Hotel Group and Stoneweg Hospitality Acquire Hotel Miguel Angel in Madrid
Lopesan Hotel Group, the leading hotel company from the Canary Islands, in partnership with the investment firm Stoneweg Hospitality, has acquired the Hotel Miguel Angel, previously owned by General Mediterranean Holding S.A SPF, an iconic luxury hotel in the heart of Madrid's Paseo de la Castellana.
This transaction represents Lopesan Hotel Group's entry into Madrid, with the objective of bringing its personalized experiences and signature services to the hotel, while also embarking on a revitalization of its architectural and decorative concept. Thus, this iconic property joins a portfolio of 22 owned and managed hotels with a presence in five countries.
The acquisition of Hotel Miguel Angel represents Lopesan Hotel Group's second venture into the urban tourism segment, following the acquisition of the AC Hotel Iberia in Las Palmas de Gran Canaria earlier this year. With this move, Lopesan Hotel Management, the group's management arm, will incorporate this landmark Madrid hotel into its brand portfolio and elevate its value proposition with a comprehensive renovation expected to last one year.
The transformation of Hotel Miguel Angel, with its 241 rooms, aims to offer guests a luxurious and cutting-edge experience, turning it into a new attraction in Madrid, with a special emphasis on exclusive gastronomic offerings and services.
For its part, Stoneweg Hospitality, already firmly established in the European hotel sector, joins this alliance as a key operational partner. The acquisition of Hotel Miguel Angel strengthens the company's strategy of adding high-value properties in the most desirable locations of major tourist destinations.
This alliance with Lopesan Hotel Group will modernize this historic building and create a new hotel concept that combines leisure and work segments, offering superior long-term returns through personalized experiences, technology, and sustainability.
Law Firms Squire Patton Boggs and A&O Shearman advised the Seller and the Purchaser respectively.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
