A hospitality real estate joint venture between Bain Capital and Stoneweg Hospitality has sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo for an unspecified amount.
The 4-star Spanish hotel, located in Barcelona, was constructed in 2010 on the site of the former Colón theatres. Stoneweg Hospitality took over the asset in 2022.
Miguel Casas, managing director of Stoneweg Hospitality, said: “We are very proud to have owned and managed Casa Lit Barcelona and to have contributed to its success.
“We have every confidence that the sale to Grupo Hoteles Gargallo, a dynamic and fast-growing operator, will see a continuation of what is currently an exceptional guest experience in the economy segment, under a management committed to quality.”
Francisco Bello, operating partner at Bain Capital, said: ”This transaction is a testament to our focus on creating value through strategic investments in high-quality real estate assets. We are confident that Grupo Hoteles Gargallo will take the hotel to new heights.”
Xenia Gargallo Gay, managing director of Grupo Hotelero Gargallo, said: “We are delighted to add Casa Lit Barcelona to our portfolio, bringing our total number of hotels in Barcelona to 11 and reinforcing our leadership in the iconic Ciutat Vella district of Barcelona.
“This hotel aligns perfectly with our vision of offering exceptional accommodations in key locations. We look forward to continuing its legacy of excellence and providing an unforgettable experience for our guests.”
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