Generali Real Estate Partners with Radisson for Madrid Hotel
Deal News | Dec 04, 2024 | Addleshaw Goddard
Addleshaw Goddard, a leading law firm specializing in real estate, has successfully brokered a significant leasing agreement between Generali Real Estate and the Radisson hotel group. This deal involves a prime property located at Calle Alcalá 21, in central Madrid, set to become the site of Radisson's first luxury hotel in the Spanish capital. The strategic collaboration will transform the location into a Radisson Collection hotel following an extensive refurbishment process. The hotel, scheduled to open in 2027, is poised to enhance Madrid's reputation as a global luxury tourism hub. It will feature 154 rooms and suites, various luxury amenities such as a spa, a heated swimming pool, and multiple dining options. The transaction was managed by Addleshaw Goddard's Real Estate Law Department, led by Partner José Antonio Calleja and Senior Associate Pilar Lorenzo.
Sectors
- Real Estate
- Hospitality
- Legal Services
Geography
- Spain – The geographic focus is Spain, specifically the capital city Madrid, where the property is located.
Industry
- Real Estate – The real estate industry is involved due to the leasing agreement for the prime property in Madrid.
- Hospitality – The hospitality industry is involved as the agreement leads to the establishment of a Radisson Collection luxury hotel.
- Legal Services – Legal Services are involved as the transaction was managed by Addleshaw Goddard’s Real Estate Law Department.
Financials
- 8,500 square metres – The size of the property slated for hotel development.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Generali Real Estate | Target Company | Company | A part of the Generali Investments group, involved in the leasing agreement for the property. |
| Radisson Hotel Group | Leaser | Company | An international hotel group that will open a Radisson Collection hotel in the leased property. |
| Addleshaw Goddard | Legal Advisor | Company | A law firm that advised Generali Real Estate on the leasing agreement. |
| Jos Antonio Calleja | Partner | Person | Partner at Addleshaw Goddard’s Real Estate Law Department. |
| Pilar Lorenzo | Senior Associate | Person | Senior Associate at Addleshaw Goddard’s Real Estate Law Department. |