Castlelake has plans to acquire up to 49.9 percent of the shares of Millenium Hotels Real Estate, a listed real estate investment company that specializes in luxury hotel properties in Spain and Portugal. Through the transaction, Castlelake will become the primary shareholder of the company and have three seats on its board of directors.
Castlelake's investment in MHRE builds on the firm's history of investing in Europe, where it has acquired more than 7,000 assets across 12 European countries since its founding in 2005. Castlelake's experience investing in Spanish land and real estate includes the acquisition of fully permitted land following the global financial crisis and later establishment of Aedas Homes, which is now one of the largest Spanish home builders, with nearly 2,000 units delivered in fiscal year 2021.
"Through our investment in the Millenium platform, we aim to enable Castlelake's investors to obtain exposure to high-quality assets in prime Spanish loc
