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Meliá to Exercise Right of First Refusal to Acquire Hotel Apolo in Barcelona

Brookfield has made a firm offer of 96 million euros for the Hotel Apolo to the US fund Värde Partners.

hotel apolo barceloa fuente melia

Meliá will exercise its right of first refusal on the Hotel Apolo in Barcelona, according to Expansión, which cites sources familiar with the negotiations. The Palma de Mallorca-based hotel company currently manages the establishment under a long-term contract.

The hotel, owned by US investment fund Värde Partners, has a firm offer of 96 million euros from the Canadian fund Brookfield. Meliá will match the price. Sources at Meliá have neither confirmed nor denied this information to Brainsre.news.

A change of operator accompanies Brookfield’s bid for the 314-room Hotel Apolo. The American fund wants to enter with Edyn Group, a company it owns that specialises in managing aparthotels.

Read the full article in Spanish

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