Blackstone buys the Hotel METT Marbella Estepona

Blackstone buys the Hotel METT Marbella Estepona

Blackstone, through its HIP hotel investment platform, has closed the acquisition of the Hotel METT Marbella Estepona from the Socimi Silicius. HIP adds its third complex on the Costa del Sol, where it already has the Guadalmina Spa & Golf Resort and the Barceló Marbella.

The asset, located on Guadalmansa beach, will be renovated from four to five stars. Once this repositioning is complete, it will have 253 rooms. The operator of the hotel complex is Sunset Hospitality Group under the METT brand.

Alejandro Hernández-Puértolas, CEO and founder of HIP, points out: “HIP continues with its growth strategy in southern Europe with the acquisition of hotels located on the seafront in the main tourist destinations, such as the Costa del Sol. working on the consolidation and repositioning of our portfolio in line with our business strategy of generating value for assets, in a way that affects the destination and our clients, to whom we want to offer a unique and differential experience”.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!