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Barcelona Evaluates Hotel Purchases with Financial Partners, As Well As Possible Mergers

The firm has said that it will reposition its hotel portfolio and promote a 'powerful' opening plan in Spain and abroad during 2021.

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The chain sold the legendary Hotel Formentor last year.

The hotel chain Barceló is looking at acquiring individual assets and portfolios, as well as companies, with the help of a financial investor. The chain hit the headlines at the end of last year for its sale of the Formentor Hotel in Mallorca to the Emin Capital investment fund, after the purchase option agreed in 2019 materialised.

That is according to the firm’s CEO for EMEA, Raúl González, who also does not rule out a merger or corporate operation. “It is more difficult for it to happen, but if it makes sense, then we are open to it because we believe in consolidation and in creating a more robust group in the long term,” said the manager during the presentation of the Mallorcan company’s annual results.

Read the full article in Spanish.

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