ASG sells Hampton by Hilton in Barcelona to UK family office

International news
Berlin-based private equity firm ActivumSG (ASG) has sold the three-star, 241-room Hampton by Hilton Barcelona Fira Gran Via in Barcelona, Spain, to an undisclosed British family office for €50 million (€207,000 per room). 

The hotel is located in the southwest of Barcelona, in close proximity to the Fira convention centre, which attracted approximately 200,000 visitors in 2023. The hotel opened in 2021 and reportedly cost ASG some €40 million to develop. 

Upon opening, ASG signed a franchise agreement with Hilton and a long-term operating lease with Dutch white label operator Borealis Hotel Group. ASG has raised four funds to date that are dedicated to real estate opportunities in Germany and Spain. The four total nearly €880 million and are nearing full allocation.