Schroders Capital acquires The Standard Hotel in Ibiza for €65M

Schroders Capital acquires The Standard Hotel in Ibiza for €65M
The Standard Hotel, Ibiza

Schroders Capital has just announced the acquisition of The Standard Hotel in Ibiza, Spain, owned until now by KKH Property Investors.

The newly built 67-room hotel is located in the historic centre of Ibiza, incorporates the famous "Jara" restaurant on the ground floor and, on the rooftop, in addition to the swimming pool, overlooks the marina and the historic area of the city.

This is Schroders Capital's fourth acquisition in the last 12 months in the luxury hotel sector in Europe.

Benjamin Chiche, Investment Director, Real Estate Hotels, Schroders Capital, says: "We were attracted by the combination of a new-build property in a great location and the power of The Standard brand behind it. The Standard team is perfectly placed to capture the spirit of the Ibizan market and the enthusiasm of the market for its latest opening in Ibiza, which is well deserved."

"Schroders Capital currently manages 55 hotels across Europe, with significant exposure to the luxury market. This level of real estate exploration expertise makes Schroders Capital a preferred buyer for sellers of these types of assets and, in this case, enabled the transaction to be completed in four weeks," explains the company's executive.

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!