Madrid, 13th November 2024 – Lopesan Hotel Group, the leading hotel company in the Canary Islands, in partnership with investment firm Stoneweg Hospitality, has acquired the Hotel Miguel Ángel. The hotel is a renowned symbol of hotel luxury located on Madrid's prime Paseo de la Castellana.

This acquisition signifies Lopesan Hotel Group entry into Madrid, with plans to introduce the personalised experiences and services that characterise the Lopesan Group offerings. The company also intends to undertake a revitalisation of the hotel’s architectural and decorative concept. The iconic property joins a portfolio comprising 22 owned and managed hotels across five countries.

The investment in Hotel Miguel Ángel represents Lopesan Hotel Group second venture into the urban tourism sector, following the acquisition of the AC Hotel Iberia in Las Palmas de Gran Canaria earlier this year. Lopesan Hotel Management, the Group management division, will incorporate this emblematic Madrid hotel into its brand portfolio and enhance its value proposition through a comprehensive refurbishment, expected to last for one year.

The transformation of Hotel Miguel Ángel, which boasts 241 rooms, will aim to transport guests to a world of luxury and cutting-edge design, establishing it as a new highlight of the city of Madrid, with a particular emphasis on its gastronomic offerings and exclusive services.

Stoneweg Hospitality, with a well-established presence in the European hotel sector, is participating in this partnership as a key operating partner. The acquisition of Hotel Miguel Ángel reinforces the company's strategy of adding high-value properties located in prime areas of major tourist destinations.

The alliance with Lopesan Hotel Group will facilitate the modernisation of this historic building and the creation of a new hotel concept that integrates leisure and business, delivering superior long-term returns through personalised experiences, technology and sustainability.

About Lopesan Hotel Group

Lopesan Hotel Group is a holding company originating from the Canary Islands, a leading European destination and one of the birthplaces of tourism in Spain. With over 30 years of experience in the tourism sector, the company has built its expertise in creating micro-destinations and has developed its own management structure under the Lopesan Hotel Management brand.

The group currently owns 22 hotels in key tourist locations such as Gran Canaria, Fuerteventura, Punta Cana, Germany, Austria and Thailand, marketed under a portfolio of six brands designed to cater to diverse audiences and travel motivations.

The company's roadmap is centred on continuous improvement, innovation and growth, driven by sustainable practices and investments aimed at achieving full decarbonisation by 2030.

Key ongoing projects include the construction of the second phase of the Lopesan Costa Bávaro Resort, Spa & Casino in Punta Cana and the planning of a new tourist development in Gran Canaria. www.lopesan.com