M&A Deal Summary

Meliá Hotels Acquires Hotel Barcelona Apolo

On July 28, 2021, Meliá Hotels acquired leisure company Hotel Barcelona Apolo from Värde Partners for 96M EUR

Acquisition Highlights
  • This is Meliá Hotels’ 1st transaction in the Leisure sector.
  • This is Meliá Hotels’ 0th largest (disclosed) transaction.
  • This is Meliá Hotels’ 1st transaction in Spain.

M&A Deal Summary
Date 2021-07-28
Target Hotel Barcelona Apolo
Sector Leisure
Buyer(s) Meliá Hotels
Sellers(s) Värde Partners
Deal Type Add-on Acquisition
Deal Value 96M EUR

Target

Hotel Barcelona Apolo

Barcelona, Spain
Hotel Barcelona Apolo is an operator of a 4-star hotel that has 314 rooms and conference facilities for up to c.800 people across a total built area of over 17,000 square meters. Hotel Barcelona Apolo was founded in 1993 and is based in Barcelona, Spain.

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Buyer(S) 1

Buyer

Meliá Hotels

Palma de Mallorca , Spain

website

Category Company
Founded 1956
Sector Leisure
Employees16,814
Revenue 827M EUR (2021)
DESCRIPTION

Meliá Hotels operates more than 380 hotels (portfolio and pipeline) throughout more than 40 countries, under the brand's Gran Meliá Hotels & Resorts, Paradisus by Meliá, ME by Meliá, Meliá Hotels & Resorts, INNSiDE by Meliá, Sol by Meliá and TRYP by Wyndham. The Company is the global leader in resort hotels, while also leveraging its experience to consolidate the growing segment of the leisure-inspired urban market. Its commitment to responsible tourism has led the Group to become the most sustainable hotel company in Spain and Europe in 2020, according to the SAM Corporate Sustainability Assessment (CSA), and has ranked seventh in the Wall Street Journal's list of the 100 most sustainably managed companies in the world (and the leading travel company). Meliá Hotels International is also included in the IBEX 35 Spanish stock market index. Meliá Hotels was founded in 1956 and is based in Palma de Mallorca, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Spain) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Värde Partners

Investor Investor Investor Investor Investor

website

Category Asset Manager
Founded 1993
PE ASSETS 14.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Värde Partners is a global alternative investment advisor and firm focused on a variety of strategies. Värde will consider a broad array of investments including corporate assets and sovereign debt, residential mortgages, real estate, specialty finance, transportation, infrastructure, and logistics. Värde Partners was formed in 2000 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 8 of 10
Sector (Leisure) 2 of 2
Type (Add-on Acquisition) 4 of 4
Country (Spain) 1 of 1
Year (2021) 2 of 3
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-20 Latitude Financial Services

Docklands, Australia

Latitude Financial Services is an independent digital payments and finance company serving consumers across Australia. The Company was founded in 2015 and is based in Docklands, Australia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-19 Global Cloud Xchange

Hamilton, Bermuda

Global Cloud Xchange provides high-bandwidth connectivity to a range of blue-chip customers including hyperscalers, telecommunications operators, new media providers, and enterprises. Global Cloud Xchange is based in Hamilton, Bermuda.

Sell -
Mergr

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