Round Hill Finalizes the Acquisition of Hotel Florida Norte

Round Hill Finalizes the Acquisition of Hotel Florida Norte

The British investment firm Round Hill finalizes the purchase of the Hotel Florida Norte, in Madrid, for 80 million euros; according to El Confidencial.

The Faranda Group, owned by the Fernández Hoyos family, divests itself of the asset, with a central location in the Madrid Río area.

The Hotel Florida Norte has 400 four-star rooms. The urban complex is focused on congresses, with two halls with capacity for 100 people. It is possible that the buying fund rotates the asset towards a student residence. Round Hill has a joint venture with the Canadian pension fund, with an investment capacity of more than 1,000 million in this class of assets, in Europe.

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