A major hotel operation is on the horizon. The hotel joint venture between Stoneweg and Bain Capital is holding exclusive negotiations with the British-Iraqi businessman Nadhmi Auchi regarding the purchase of the Hotel Miguel Ángel, in Madrid.
The complex is in a prime location and the operation could exceed 200 million euros, corresponding to a price per room of between 800,000 and 900,000 euros, according to Cinco Días.
Read the full article in Spanish.
