Besant Capital strengthens its presence in Madrid’s luxury hospitality market with the purchase of Hotel Suecia. The firm targets over €500 million in investments along the Puerta de Alcalá-Canalejas corridor.
Besant Capital Buys Iconic Hotel Suecia in Madrid, Driving €500 Million Luxury Investment Push
Luxury real estate investment is ramping up in Madrid, as Besant Capital has just announced its acquisition of the historic NH Collection Suecia hotel. The deal, finalized with a German pension fund managed by Feuring Hotelconsulting GmbH, marks a major step in Besant Capital’s broader strategy to invest over €500 million in Madrid’s high-end hospitality sector.
Reinforcing Madrid’s ‘Golden Mile’
Located at Calle Marqués de Casa Riera 4, the building housing the NH Collection Suecia boasts 8,000 square metres of space and 123 rooms. This latest purchase aligns with Besant Capital’s focus on the prestigious Puerta de Alcalá-Canalejas axis, one of the city’s most sought-after areas for luxury hospitality and real estate development.
The acquisition complements Besant Capital’s growing portfolio in Madrid’s so-called ‘golden mile,’ following its recent investment in the landmark Zurich building at 44 Calle Alcalá. This concentrated presence cements the firm’s commitment to making Madrid a leading destination for luxury accommodation and experiences.
A Building Steeped in History
Opened in 1956 by the Swedish royal family, Hotel Suecia is more than just a luxury property—it’s a cultural landmark. The hotel was once a renowned hub for Madrid’s Swedish community and played host to literary giants like Ernest Hemingway, Julio Cortázar, and Ernesto Sábato. Today, its amenities include an acclaimed restaurant, a gym, and a two-storey rooftop terrace offering panoramic views of the city skyline.
As the neighborhood undergoes upgrades, including the development of a new pedestrian boulevard linking Puerta de Alcalá with Plaza de Cibeles, the area’s value and appeal are expected to grow even further.
A Vision for Expansion Across Southern Europe
With more than $800 million under management, Besant Capital isn’t limiting its ambitions to Madrid. The firm has signaled its intent to explore prime real estate opportunities in other major cities throughout Spain, as well as Portugal and Italy, underscoring the dynamic growth of Southern Europe’s luxury hospitality sector.
Looking Ahead: Upscale Revitalization
“Madrid’s city center continues to attract global attention, and our commitment to the Puerta de Alcalá-Canalejas corridor exemplifies our belief in its long-term potential,” a Besant Capital spokesperson stated. The company’s investment is expected to drive further revitalization in one of Europe’s most culturally rich capitals.
Bottom Line:
Besant Capital’s acquisition of Hotel Suecia is a major milestone in its €500 million luxury investment strategy, promising fresh energy—and elegance—along Madrid’s historic boulevards.
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