Gaw Capital backs Hospes Hotel

Following the deal, Gaw will establish a joint venture with Omega Capital, the family office owned by Spanish investor Alicia Koplowitz, which will acquire the remaining 50% stake in the hotel chain.

According to press reports, the vendors are Fonsagrada, a company owned by the Koplowitz family; Areyhold, controlled by the Yera family; and Telescom, owned by the Hernández López family.

Unquote understands that the deal values the company at €125m.

Gaw deployed capital from its Hospitality Fund I to finance the investment. The vehicle is managed by GCP Hospitality Management, the hotel subsidiary of the real estate private equity firm, led by Christophe Vielle.

Gaw plans to further expand the Hospes brand by opening more properties in tourist areas and strategic cities within Spain and southern Europe, according to Goodwin Gaw, chairman and managing principal of Gaw Capital Partners.

Company
Founded in 2010, the hotel chain has 10 four- and five-star hotels located in buildings of historical and architectural value in various cities across Spain, including Madrid, Alicante, Granada, Valencia, and Mallorca. The hotels' facilities include bars and restaurants, wellness centres and spas. According to press reports, the company generated operating profit of €10.5m from sales of €30m.

People
Gaw Capital Partners – Goodwin Gaw (chairman, managing principal); Christophe Vielle (co-founder, CEO of Gaw Capital Partners Hospitality).

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• Topics
• Buyouts
• Southern Europe
• Real estate
• Spain