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The Fund Archer Completes its Purchase of Hotel Madrid Edition for €205 Million

The investment vehicle, which is owned by the Singapore fund GIC and the Dutch firm APG, has acquired the asset at a discount.

Hotel Madrid. Edition. KKH Property Investors 1024x724 1

Archer Hotel Capital, the hotel investment vehicle owned by the Singapore fund GIC and the Dutch pension fund APG, has completed the purchase of the Madrid Edition Hotel for 205 million euros. The operation was negotiated just before the pandemic.

The final price represents a discount of 7% compared to the initial forecast of 220 million euros, due to the impact of the pandemic on the tourism sector, according to the newspaper Expansión.

Read the full article in Spanish.

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