China Gaw Capital acquired 50% stake in Spanish hotel chain valued at $145 million
Chinese private equity firm Gaw Capital and a JV has acquired 50% stake in Spanish hotel chain Hospes Hotels which values the firm at $145 million.
Established in 2000, Hospes Hotel Group is a boutique hotel brand in Spain with 10 properties in Madrid, Alicante, Granada, Valencia, Mallorca, Cordoba, Seville, Caceres and Salamanca. Gaw Capital has raised a total of $10 billion equity since 2005 with around $18 billion assets under management. The investment is done through a fund managed by GCP Hospitality, forming a joint venture with the Spanish investment company Omega Capital. More details here.
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Filed under China Private Equity, Gaw Capital China
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