Meridia, the Spanish-based alternative investment manager, has announced the launch of its newest vehicle, Meridia V, after completing a 'healthy' first close, the company said in a statement. Fund V is set to become Meridia's largest fund to date, with a target equity size said to be around €400 million, compared to just above €250 million raised by Fund IV.
Fund V is believed to be targeting a second close by year-end and a final one next year.
The Fund has already made its initial investment: a portfolio of two premier hotels in Barcelona and Málaga, comprising a total of 213 rooms. The hotels are namely Hotel Gallery in Barcelona's city center and Hotel Molina Lario in the heart of Málaga.
Meridia V plans to implement a smart capex and asset management strategy to position both assets in the upper 4-star segment, while maintaining high environmental, social, and governance (ESG) standards.
Source: https://propertyeu.info/Nieuws/Spain-s-Meridia-launches-largest-fund-to-date-targeting-400m/327aeaff-79da-434e-82d4-bd6d38de3d0b, on 14.09.2023