Riu acquires Grand Hyatt Barcelona hotel for 280 million

✦ Meridian Analysis

Riu has signed a purchase agreement for the Grand Hyatt Barcelona hotel, an iconic 465‑room property on Avinguda Diagonal. The sellers are the asset manager Blasson and insurer AXA, who acquired the hotel in 2023, rebranded it as a Grand Hyatt and invested €20 million in refurbishment. The parties engaged Colliers and Eastdil Secured to run the sale process. No lenders or financing package has been disclosed, and the deal remains subject to the usual regulatory clearances before closing. The deal follows recent Barcelona hotel transactions – Union Investment’s sale of the Radisson Blu, the Turkish group Kaya’s purchase of the ME Barcelona, and Partners Group’s acquisition of The Hoxton Poble Nou. The transaction price is reported at around 280 million euros. Information on the advisers representing Riu, the expected closing timetable and any antitrust or municipal approvals required for the transfer have also not been made public, and will be closely monitored as the deal moves toward completion.

The Meridian Weekly