European Hospitality Fund I managed by GCP Hospitality, a subsidiary of Hong Kong–based Gaw Capital Partners, has acquired a 50 percent stake in Spain-based boutique hotel brand Hospes Hotel Group, which has total assets valued at €125 million ($146 million), forming a joint venture with Omega Capital, a Spanish investment company.
“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,” said Goodwin Gaw, chairman and managing principal of Gaw Capital Partners. “We will further expand the Hospes brand by opening more properties in tourist areas and strategic cities within Spain and Southern Europe.”
Hospes Hotel Group has 10 properties, located in various prime locations across Spain, including Mad
