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Schroders Finances Melia International’s €96 Million Purchase of Hotel Barcelona Apolo from Varde

Operator Melia International Exercises Right to Buy 314-Key Hotel
In September Värde completed the sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand to Covivio for €600 million. (Source: Getty Images)
In September Värde completed the sale of a portfolio of eight luxury hotels operating under The Dedica Anthology brand to Covivio for €600 million. (Source: Getty Images)
CoStar News
July 28, 2021 | 10:57 AM

Meliá Hotels International, the operator of the Apolo hotel in Barcelona, has exercised its right to buy the asset from Varde Partners in a deal financially backed by Schroders Capital for €96 million, CoStar News understands.

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