DLA Piper advises Grupo Didra and Aina Hospitality on the sale of Bless Collection luxury hotel in Madrid

DLA Piper has advised Grupo Didra and Aina Hospitality on the sale of the Bless Collection luxury hotel in Madrid to Mexican group RLH Properties, owner of the Hotel Villa Magna in Madrid. Following the acquisition, Palladium Hotel Group will continue to operate the hotel as before under the Bless Collection luxury brand.

DLA Piper and JLL acted as advisors to Aina Hospitality and the group of investors led by Grupo Didra and its ARD Investment and Development platform. RLH was advised by Pérez-Llorca, as well as Deloitte, Hill International and Savills Aguirre Newman as due diligence advisors.

The DLA Piper team advising the sellers consisted of Orson Alcocer, partner in charge of the real estate department, and associates Luis Durbán and Julia Fernández.

Orson Alcocer comments: "We are delighted to have accompanied Didra and Aina from the time they acquired the hotel to this successful sale, which is a reflection of their strategy to bring value to luxury hotels in Spain and other jurisdictions.”