Iberian Property > News > Retail Mercadona buys AC Aravaca hotel for €16M to convert it into a supermarket The company has acquired the 110-room Madrid asset, which until now was owned by Belagua, a company owned by Spanish businessman Antonio Catalán. Alexandre Lima | 18/01/2024 Hotel AC Aravaca, Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Hotels Ibervalles acquires the Novotel hotel in Valencia 23 December 2025 Hotels iAM Capital Group buys 3 hospitality assets in Spain 26 December 2025