The fund Arcano Value Added Real Estate II, part of Arcano Partners’ alternative real estate asset management area, has bought an industrial building located opposite the Fira de Barcelona to turn it into the first Meininger Hotel in Spain. According to sources speaking to Brainsre.news, the amount of the transaction has not been disclosed.
The asset spans 6,500 square metres and enjoys a strategic location, next to one of the nerve centres of business activity in Barcelona. Following the acquisition, the building will be converted into a 163-room hotel that will meet the highest sustainability standards.
Read the full article in Spanish.