Melià’s most profitable hotel in Spain, a bargaining chip for a new investment fund

Meliá Hotels International has sealed a new joint venture with the Monegasque fund Tyrus Capital to incorporate two of its most emblematic assets in Spain, including the ME Ibiza, one of the group’s most profitable hotels in the country. The deal reinforces the Balearic chain’s strategy of relying on international capital to boost its growth and enhance the value of its hotel portfolio.

The agreement also includes the Torre Melina Gran Meliá Hotel in Barcelona, formerly the Juan Carlos I, with a total of 545 rooms between the two establishments. Although the financial terms have not been disclosed, according to El Economista, the alliance will serve as a platform for future joint investments, with special interest in markets such as the Dominican Republic, where Meliá already has several reference hotels.

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The relationship between Meliá and Tyrus Capital goes back years, when the fund acquired the former Juan Carlos I and entrusted the chain with its repositioning and management. The two companies had previously collaborated on international transactions, such as Tyrus’ entry into the capital of the ME London in 2013.

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With this transaction, Tyrus expands its presence in the Spanish hotel sector through its operating subsidiary in Spain. The fund, which specializes in alternative financing and has invested more than $3.5 billion throughout its history, thus reinforces its commitment to high-value tourism assets.

The alliance is in addition to other joint ventures promoted by Meliá in recent years, especially with Banca March. According to the Comisión Nacional del Mercado de Valores, the chain had up to nine such vehicles at the end of 2024, a formula that allows it to share risk, raise real estate value and maintain operational control of the hotels, with Ibiza as one of the key markets.

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