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 Spanish family acquires Gran Vía 43 in Madrid for over €80M 18 August 2026 Residential Ardid Martínez-Bordiú family sells luxury flats at Velázquez 53 in Madrid for €112M 31 August 2026