Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Wednesday, July 25 2018 - 18:40
AsiaNet
GCP Hospitality, a member of Gaw Capital Partners, expands its footprint in Europe through a joint venture with Omega Capital by acquiring Hospes Hotel Group in Spain
HONG KONG, July 25, 2018 /PRNewswire-AsiaNet/ --

Real estate private equity firm Gaw Capital Partners today announced that the 
firm, through its European Hospitality Fund I managed by GCP Hospitality, 
acquired a 50% stake in Spain's leading boutique hotel brand, Hospes Hotel 
Group, of which its total asset is valued at EUR125 million, forming a joint 
venture with a Spanish investment company, Omega Capital. 

Hospes Hotel Group is a highly respected brand in Spain with 10 properties. The 
group is recognized as a highly acclaimed brand and operator within the luxury 
and heritage boutique hotel segment. 

Each hotel has been crafted in an artisan fashion, combining elements of 
heritage, design, local textures and technology together.  

Hospes' luxury boutique hotels are situated in various prime locations across 
Spain, including Madrid, Alicante, Granada, Valencia, Mallorca, Cordoba, 
Seville, Caceres and Salamanca. The properties are in close proximity to some 
of Spain's most prominent historical sites, each designed by respected and 
renowned architects to create their own unique atmosphere and style. Their 
facilities, including bars and restaurants, wellness centers and spas, have 
received 5-star ratings.  

Goodwin Gaw, Chairman and Managing Principal of Gaw Capital Partners, said, "We 
are delighted to form a joint venture with Omega Capital through our European 
Hospitality Fund I managed by GCP Hospitality to acquire a 50% stake in Hospes 
Hotel Group. Entering the Spanish market with one of Spain's most distinguished 
entrepreneurs marks an important milestone for Gaw Capital Partners and its 
hospitality platform, GCP Hospitality, as we look to expand our presence in 
Europe and tap the abundant opportunities in one of the world's most popular 
tourism markets. We will further expand the Hospes brand by opening more 
properties in tourist areas and strategic cities within Spain and Southern 
Europe." 

Christophe Vielle, CEO & Co-Founder of GCP Hospitality, said, "We are thrilled 
to expand our hotel portfolio to Europe. The acquisition of Hospes Hotel Group 
is a testament to GCP Hospitality's strong track record of successfully 
launching and operating top-of-the-range hotels and hospitality brands. With a 
very positive outlook for the continent's tourism industry, we are actively 
exploring ways to expand our portfolio in Europe. We will leverage the 
reputation of Hospes Hotel Group as well as our international network to 
increase the brand's footprint."    

For media in China, please click 
https://pan.baidu.com/s/1agWVsyGUNxJdmYLWwFaN_A to download the hi-res photos 
of Hospes Hotel. 

For worldwide media, please click 
https://www.dropbox.com/sh/ttpmlgdqcl2nifd/AAC6yEPPyAwjuNbSgPWbf7eMa?dl=0 to 
download the hi-res photos of Hospes Hotel. 

About GCP Hospitality 

GCP Hospitality runs over 39 properties with 7,450 keys worldwide with an 
enviable reputation in the hospitality industry for providing hotel management, 
asset management, and business development services of the highest standard. 
GCP Hospitality's expertise has a global reach, with regional offices in 
Bangkok, Beijing, Hong Kong, Perth, San Francisco Singapore and Yangon. Current 
brands include Hotels G, The Strand Hotel & Cruise, Campus Co-Living Hubs, 
Hospes Hotels (JV in Spain) and Journal Hotels (JV in USA). GCP Hospitality is 
the hospitality arm of Gaw Capital Partners, a private equity fund management 
company focusing on adding strategic value to under-utilized properties in 
global market.

About Omega Capital

Omega Capital is an investment company whose shareholder is Mrs. Alicia 
Koplowitz. Its investment activities cover a broad range of assets globally. It 
has long term investments in public and private companies as well as in 
commercial property -- hotels, offices and retail -- both in Europe and in the 
US.

SOURCE  Gaw Capital Partners
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