Stoneweg, the real estate investment company, and Bain Capital, the global private equity firm, through their hotel real estate joint venture, have sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo.
Situated in the heart of Barcelona just 400 metres from Las Ramblas, the 4 star hotel was constructed in 2010 on the site of the former Colón theatres. It comprises 89 rooms, blending historic charm with contemporary design. Since taking over the management in 2022, Stoneweg Hospitality has delivered a successful renovation and introduced the Casa Lit brand (previously Acta Mimic hotel), infusing it with a fresh and innovative style. The property has been managed by the Ona Hotels chain.
Benefitting from its proximity to Barcelona's main tourist and cultural attractions, the hotel has become increasingly popular with tourists, business travellers, and meeting attendees, which has underpinned its very strong operational performance.
The acquisition of Casa Lit Barcelona by the Gargallo Hotels Group marks a significant expansion for the chain, reinforcing Gargallo's position in the competitive Barcelona market with a commitment to excellence and innovation in the hospitality sector.
Source: Press release sent 23 July 2024.