Limestone Capital Expands European Presence With The Acquisition of a Prime Central Madrid Hotel

Zug, October 3rd, 2023 - Limestone Capital, a leading alternative asset manager with a focus on hospitality and travel, is pleased to announce the acquisition of Hotel Axel on Calle de Atocha, Madrid. Limestone acquired the operational hotel from Hotel Investment Partners (HIP), a leading owner of resort hotels in Southern Europe owned by Blackstone-managed funds. This marks Limestone's second hotel acquisition in Spain, solidifying its presence in the dynamic Spanish market.

Situated between Plaza Mayor and Park Retiro, the avant-garde hotel has a rich history and is well-known for its unique features. With its 88 well-appointed rooms, guests can enjoy a comfortable and relaxing stay. Additionally, the hotel features a rooftop pool, a vibrant bar and restaurant facilities, providing a vibrant city center experience for guests. Recognizing the tremendous potential of this prime location, Limestone Capital plans to continue to expand its potential value in the future.