RLH buys hotels in Spain

RLH buys hotels in Spain

M&A Funds Equity Europe Mexico Tourism

Mexican hotel operator RLH Properties said it has agreed to acquire the luxury hotels Bless Collection Hotels in Spain from Aina Hospitality for €50 million ($59 million). RLH will spend €17.5 million for the hotels in Madrid and Ibiza, while its subsidiary will put in €42.5 million, it said in a statement. The five-star Hotel Bless Madrid opened in 2019 in the Salamanca neighborhood with 111 rooms, including 27 suites. The Bless Hotel Ibiza has 151 rooms on the beach of Cala Nova. RLH already o

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