The joint venture between Stoneweg and Bain Capital has sold the Casa Lit Barcelona hotel to Grupo Hotelero Gargallo.
Situated in the heart of Barcelona near Las Ramblas, the city’s most well-known street, the 89-room hotel was constructed in 2010 on the site of the former Colón theatres.
After buying the hotel in 2022, Stoneweg rebranded it from Acta Mimic to Casa Lit. The property was managed by the Ona Hotels chain.
The acquisition of Casa Lit Barcelona by the Gargallo Hotels Group marks a significant expansion for the chain.
Exceptional guest experience at Casa Lit Barcelona
Miguel Casas, Managing Director of Stoneweg Hospitality, says, “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, a dynamic and fast growing operator, 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 global private equity firm Bain Capital adds, “This transaction is a testament to our focus on creating value through strategic investments in high-quality real estate assets.”
Xenia Gargallo Gay, Managing Director of Grupo Hotelero Gargallo, says, “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.”
Bain Capital
Bain Capital Credit is a leading global credit specialist with approximately $52 billion in assets under management.
Stoneweg
Stoneweg is a real estate investment adviser and asset manager established in 2015 and headquartered in Geneva, Switzerland. The firm leverages in-house local operational teams to source, develop and manage real estate investments. To date, Stoneweg has executed and advised on almost €5 billion of real estate investments across different sectors including developments. Stoneweg has completed more than 300 acquisitions since 2015.
Grupo Hotelero Gargallo
Grupo Hotelero Gargallo is a Spanish hotel chain with more than 60 years of experience in the sector. It has 20 hotels in Barcelona and other key cities in Aragon including Huesca and Teruel.
