511
511
  • Transaction / Assets
    the former Asturias hotel in central Madrid
  • Seller
    Platinum Estates
  • Buyer
    Millenium
  • € MM
    82

Millenium Acquires Asturias Hotel in Madrid from Platinum for €82 Million

1 November 2019 – The socimi Millenium has acquired the former Asturias hotel in central Madrid from the Platinum Estates group, which is controlled by the Hong Kong-based investor Harry Mohinani, for €82 million.

Millenium plans to refurbish the hotel and reopen it in 2021 in conjunction with Marriott’s W Hotels brand., The hotel is on the central Madrid square of Canalejas.

The 5-star, 136-room hotel will have furniture inspired by angels’ wings, round beds and bathrooms with transparent walls. The larger rooms will have work areas, dressing rooms and terraces with private jacuzzis.

Original Story: Expansión – Rocío Ruiz

Adaptation/Translation: Richard D. K. Turner