• Transaction / Assets
  • Seller
  • Buyer
  • € MM

The Hotusa Group Buys The Sheraton Madrid Mirasierra Hotel

11 December 2015 – Cinco Días

The Hotusa Group has bought the Sheraton Madrid Mirasierra Hotel & Spa, which it will incorporate into its Eurostars Hotel chain. It will operate the establishment as a 5-star hotel under the commercial name Eurostars Suites Mirasierra, as part of the on-going growth strategy of its hotel division, pursued since its creation in 1994.

With this acquisition, whose consideration has not been disclosed, Eurostars Hotels adds its eighth establishment in Madrid, where it already owns the ‘Eurostars Madrid Tower‘ (5-star), the ‘Eurostars Monte Real’ (4-star), the ‘Eurostars Plaza Mayor’ (4-star), the ‘Eurostars Zarzuela Park’ (4-star), the ‘Eurostars Gran Madrid’ (4-star) in Alcobendas, the ‘Eurostars Arenas De Pinto’ (4-star) in Pinto and the ‘Eurostars I-Hotel’ (4-star) in Pozuelo de Alarcón.

As a result, the company’s hotel division will operate a total of 18 hotels in the Community of Madrid, of which seven are operated under the umbrella of its other chain, Exe Hotels. In total, the group owns 148 establishments in 18 countries.

“We are committed to the organic growth of our portfolio, based on the incorporation of establishments that we believe we can apply our model to, in order to further boost their growth”, confirmed the President of Grupo Hotusa, Amancio López Seijas, un a statement.

López stated that the chain is open to all types of formula, from purchases, such as in this case, to management, depending on the particulars of each project within its expansion plan.

The 5-star Eurostars Suites Mirasierra has 182 rooms and suites measuring at least 60 m2, and is one of the most important establishments in the capital for holding events, with 17 independent meeting rooms, and the capacity to host up to 850 people. Its accommodation options are complemented by a restaurant and terrace, several bars, an outdoor swimming pool and spa, a gym and health treatment services.

Original story: Cinco Días

Translation: Carmel Drake

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