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Spain: Private equity firm Partners Group alongside Trinity Investments and another investor have acquired the 240-key Hoxton Poblenou hotel from Norlake Hospitality.
The transaction falls under Partners Group’s global hospitality real estate strategy, which has a USD$1 billion gross asset value portfolio.
It represents the firm’s fourth investment with Trinity since acquiring a strategic minority stake in the operator in 2023. It follows the joint acquisition of The Standard Hotel in London last year.
Stephen McCall, managing director, real estate, Partners Group, said: “The Hoxton Poblenou is perfectly positioned to capitalise on Barcelona’s unique appeal to both business and leisure visitors. Executing a value creation plan in the hotel sector is specialised and operationally intense, which is why we have built vertical depth into our hospitality strategy by partnering with Trinity on this transaction.”
The Hoxton Poblenou opened in spring 2022, located in the city’s 22@ District. It features four food and beverage venues, a rooftop area and pool, and more than 1,000 square metres of meeting and event space.
The new owners plan to grow the hotel’s group bookings and improve its F&B offering.
Highlights:
- Partners Group has acquired the 240-key Hoxton Poblenou hotel in Barcelona alongside Trinity Investments and another investor.
- The deal forms part of Partners Group’s global hospitality real estate strategy, which has a portfolio value of around USD $1 billion.
- It marks the fourth transaction between Partners and Trinity since the former took a minority stake in the operator in 2023.
- The Hoxton Poblenou is located in Barcelona’s 22@ District and opened in spring 2022, offering F&B, rooftop amenities, and event space.
- The new ownership plans to enhance group bookings and further develop the hotel’s food and beverage offering.
