Mexico's RLH makes European debut with €210m Villa Magna buy

Villa Magna RLH

Turkish conglomerate Doğuş Group has sold its luxury Madrid hotel Villa Magna to Mexican asset manager RLH Properties for €210m (£185m).

For RLH, which owns eight luxury hotels in Mexico including the Rosewood Mandarina, the deal represents the group’s first hotel real estate transaction in Europe. Chief executive Borja Escalada said the acquisition was the “first step” of a planned international expansion with new investments in Spain and wider Europe “expected soon”.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Registration includes the following benefits:

  • Access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.

Registered users and subscribers SIGN IN here to continue