Spanish investment firm Meridia has acquired a prime 3-star hotel property on Ibiza's north coast through their Meridia V Fund, from a company controlled by the Oak Hill Advisors fund.
Meridia is investing €70 mln for the purchase and transformation of the hotel, located in Eivissa, into a key player in Ibiza's high-end market, boasting 5-star status and around 225 rooms. This transformation will position it at the forefront of Ibiza's luxury tourism market.
This acquisition aligns perfectly with Meridia's established approach: hands-on, niche expertise focused on unlocking long-term value through transformative hospitality projects. The company is committed to incorporating the highest ESG standards, targeting high BREEAM or LEED certification for the hotel.
Javier Faus, chairman & CEO at Meridia, commented: ‘The acquisition of this hotel marks a pivotal strategic milestone for us. Through our long and solid track record, Meridia has demonstrated that it can deliver strong results across market cycles.’
Victor Iborra, real estate partner at Meridia, added: ‘Drawing upon our extensive in-house hospitality expertise in asset and project management, we are poised to embark on a comprehensive refurbishment initiative, transforming the asset into an innovative sustainable lifestyle concept.’
This Ibiza hotel acquisition marks the second investment for Meridia V, following its initial purchase of two high-end hotels (213 rooms total) in Barcelona and Malaga. The real estate fund prioritizes value-add opportunities within Spain, targeting hospitality, logistics, and living spaces. So far, it has raised contributions of €400 mln, which will allow it to mobilize an investment of €800 mln.
Ernst & Young, Cuatrecasas, and Deerns advised Meridia, while Colliers acted as advisors to the sellers.
