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”.