Meridia Capital Finalizs Deal For Four Seasons Mexico City
-- Hotels, 11/2/2009 12:03:00 PM
Barcelona, November 2nd, 2009 – Meridia Capital Hospitality I (“Meridia Capital”) has announced today the acquisition of the Four Seasons Hotel in Mexico D.F. from Strategic Hotels & Resorts Inc. (NYSE: BEE). Meridia Capital holds a 100% stake in the asset, which will continue to be operated by Four Seasons Hotels & Resorts under a management agreement. With this acquisition, the fund’s fourth in Latin America, Meridia Capital enters the Mexican hotel market.
The Four Seasons Hotel in Mexico, D.F. has an ideal location on the capital's grand Paseo de la Reforma, near Chapultepec Park, the National Museum of Anthropology and History and leading business, shopping and residential areas. The hotel is a soothing oasis from which to explore one of the world's largest and most dynamic capitals. It offers 240 spacious rooms, 40 of which are suites. Hotel facilities include the Reforma 500 restaurant, serving Italian-Mediterranean cuisine, a health club, outdoor pool and unique meeting and event facilities.
“We are very pleased to join forces with Four Seasons Hotels & Resorts, one of the most prestigious hotel brands world-wide. In addition, with this acquisition we strengthen our position in Latin America, which has always been one of Meridia’s top priorities. Our portfolio now includes key branded urban hotel assets in three of the most strategically important countries within the region such as Chile, Brazil and Mexico”, said Javier Faus, Meridia Capital’s Chairman and CEO.
About Meridia Capital
Meridia Capital is a private equity group focused on investing in premium hotel
properties internationally. The firm owns and asset manages hotels in urban
markets which are operated by the world’s leading international brands. Meridia
Capital Hospitality I is Meridia Capital Partners’ first fund and was closed in early
2007 with equity of €150 million. Meridia Capital currently owns various properties
in Paris, Santiago (Chile), Sao Paulo (Brazil), Mexico D.F. and Thailand. For further
information please visit www.meridiacapital.com.
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