RLH Properties has announced the reopening of the new Rosewood Villa Magna, which will occur in the last quarter of 2021. The company has earmarked 110 million for the renovation of three hotel assets in its portfolio, including the one located in Madrid.
RLH, which is listed on the Mexican Stock Exchange and owns the iconic Villa Magna hotel in Madrid, has been renovating it since mid-2020. Rosewood Hotels & Resorts® will manage the hotel.
Operating from Mexico City since 2013, RLH Properties is owned by Mexican pension funds, institutional investors and family offices. The company has seven hotels, a golf course and several residential developments.
RLH Properties is currently renovating three of its assets in Spain and Mexico, the Rosewood Villa Magna Hotel, the Banyan Tree Mayakoba Hotel and the Fairmont Mayakoba Hotel. These three renovations will require a total investment of more than 110 million euros.
Read the full article in Spanish