Home Companies RLH Opens Ros...

RLH Opens Rosewood Villa Magna This Year, Invests $110 Million in its Portfolio

The company has set aside 110 million euros to renovate three hotels in its portfolio, including the one located in Madrid.

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

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

El Corte Inglés Puts €400-Million in Logistics Centres Up for Sale

El Corte Inglés has commissioned BNP Paribas to find an investor to buy its portfolio of logistics centres where it has the goods it sells in its shops. The retail group will begin its disinvestment plan to reduce debt through the sale of logistics assets.

Pryconsa Bets on BTR with a 700-Home Portfolio in Madrid

The Colomer family owned the real estate company has told Brains.news that they are aiming to occupy an important position in the rental business, “just as we lead the market for new home sales.”

2021’s Leaders in Real Estate Investment in 2021, According to the Big Consultancy Firms

Experts from the consultancy firms EY, Knight Frank, JLL and KPMG have told Brainsre.news that there is plenty of liquidity in the real estate sector, but investors are waiting for further adjustments in many cases to asset prices.

Grupo Puma Acquires 30,000-m2 Plot of Land in the Dos Hermanas Business Park

The factory will eventually cover approximately 13,500 square metres, in a total investment of five million euros.