Key Takeaways
- • Mohari Hospitality has acquired sole ownership of the Four Seasons Hotel Madrid, a luxury flagship property located in Centro Canalejas, following separation from its joint venture with OHLA.
- • The transaction includes the hotel, Hermès retail premises, and an associated underground parking facility, positioning Mohari as the exclusive strategic decision-maker for one of Madrid's most prominent luxury hospitality assets.
- • Mohari Hospitality subsequently secured a €330 million refinancing facility for the Four Seasons Madrid, demonstrating strong institutional capital availability for premium hospitality assets in Spain.
- • The Four Seasons Madrid, which opened in 2020 as the first Four Seasons property in Spain, has established itself as a benchmark luxury hospitality asset and core element of Madrid's international positioning as a premium destination.
- • Cuatrecasas provided comprehensive legal advisory across corporate, finance, tax, and urban planning disciplines, reflecting the transaction's multi-jurisdictional and regulatory complexity.
Summary
Mohari Hospitality has completed the acquisition of sole ownership of the Four Seasons Hotel Madrid, concluding a separation process from its joint venture partner OHLA regarding Centro Canalejas assets. The transaction grants Mohari exclusive control over the hotel property, associated Hermès retail space, and underground parking infrastructure—consolidating strategic oversight of a flagship luxury hospitality asset in Spain's capital.
The Four Seasons Madrid, which debuted in 2020 as Spain's inaugural Four Seasons property, has rapidly become a benchmark asset for luxury hospitality in the city and a critical component of Madrid's international appeal as a premium destination. The acquisition reflects Mohari Hospitality's long-term confidence in Madrid as a leading European luxury market and reinforces the company's operational commitment to the asset. Founded in 2017 by Mark Scheinberg, Mohari Hospitality manages a diversified portfolio of luxury hospitality and lifestyle properties including Four Seasons Resort Costa Rica, the Andaz Costa Rica Resort, the Bauer Hotel in Venice, and stakes in The Ritz-Carlton Yacht Collection, Tao Group Hospitality, and Hakkasan Group.
The transaction was advised by law firm Cuatrecasas, whose team encompassed specialists across multiple disciplines: Sergio Agüera and Marco Antonio Sanz (Corporate); Héctor Bros (Finance); Julio Brasa (Town Planning); and Javier Rodríguez (Tax). This multi-disciplinary approach addressed corporate restructuring, financial arrangements, regulatory compliance, and tax optimization required for a high-complexity asset acquisition and joint venture dissolution.
Following the ownership transition, Mohari Hospitality secured a €330 million refinancing facility for the Four Seasons Madrid, backed by institutional capital partners and facilitated through legal counsel including DLA Piper and Generali Real Estate. The refinancing underscores strong institutional appetite for capital deployment in premium European hospitality assets and validates market confidence in the Four Seasons Madrid's operational performance and asset quality. This financing positions the property to support long-term development and operational enhancement under Mohari's sole strategic direction.
The Four Seasons Madrid, which debuted in 2020 as Spain's inaugural Four Seasons property, has rapidly become a benchmark asset for luxury hospitality in the city and a critical component of Madrid's international appeal as a premium destination. The acquisition reflects Mohari Hospitality's long-term confidence in Madrid as a leading European luxury market and reinforces the company's operational commitment to the asset. Founded in 2017 by Mark Scheinberg, Mohari Hospitality manages a diversified portfolio of luxury hospitality and lifestyle properties including Four Seasons Resort Costa Rica, the Andaz Costa Rica Resort, the Bauer Hotel in Venice, and stakes in The Ritz-Carlton Yacht Collection, Tao Group Hospitality, and Hakkasan Group.
The transaction was advised by law firm Cuatrecasas, whose team encompassed specialists across multiple disciplines: Sergio Agüera and Marco Antonio Sanz (Corporate); Héctor Bros (Finance); Julio Brasa (Town Planning); and Javier Rodríguez (Tax). This multi-disciplinary approach addressed corporate restructuring, financial arrangements, regulatory compliance, and tax optimization required for a high-complexity asset acquisition and joint venture dissolution.
Following the ownership transition, Mohari Hospitality secured a €330 million refinancing facility for the Four Seasons Madrid, backed by institutional capital partners and facilitated through legal counsel including DLA Piper and Generali Real Estate. The refinancing underscores strong institutional appetite for capital deployment in premium European hospitality assets and validates market confidence in the Four Seasons Madrid's operational performance and asset quality. This financing positions the property to support long-term development and operational enhancement under Mohari's sole strategic direction.
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