Stoneweg and Bain Capital have sold the Casa Lit Barcelona hotel to Grupo Hoteles Gargallo.
Located on the site of the former Colón theatres and 400 metres from Las Ramblas, the 4-star hotel was constructed in 2010 and in 2022, came under the management of Stoneweg Hospitality. It comprises 89 rooms, bar, restaurant, rooftop terrace and swimming pool.
The acquisition of Casa Lit Barcelona by the Gargallo Hotels Group marks an expansion for the chain as it adds to its Barcelona portfolio which already comprises ten hotels, its six-hotel portfolio in Teruel, its 2-hotel portfolio in Huesca as well as one more hotel in Reus.
The integration of Casa Lit Barcelona into the Grupo Hoteles Gargallo stable is scheduled for next month, with plans for its immediate incorporation into the chain's offerings.
CBRE acted as intermediary on the sale, Cuatrecasas as legal advisor to Stoneweg Hospitality and Bain Capital, with Deloitte advising Gargallo Hotel Group.
What they said
Miguel Casas, managing director of Stoneweg Hospitality said: “We are very proud to have owned and managed Casa Lit Barcelona and to have contributed to its success. We have every confidence that the sale to Grupo Hoteles Gargallo will see a continuation of what is currently an exceptional guest experience in the economy segment, under a management committed to quality.”
Francisco Bello, operating partner from Bain Capital added: “This transaction is a testament to our focus on creating value through strategic investments in high-quality real estate assets. We are confident that Grupo Hoteles Gargallo will take the hotel to new heights.”
Xenia Gargallo Gay, managing director of Grupo Hotelero Gargallo added: “We are delighted to add Casa Lit Barcelona to our portfolio, bringing our total number of hotels in Barcelona to eleven and reinforcing our leadership in the iconic Ciutat Vella district of Barcelona. This hotel aligns perfectly with our vision of offering exceptional accommodations in key locations. We look forward to continuing its legacy of excellence and providing an unforgettable experience for our guests.”