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Castlelake Acquires Stake in Spanish Hospitality Platform Millenium Hotels Real Estate

Millenium’s Portfolio Consists of 10 Hotels
Castlelake will become the primary shareholder of the company and have three seats on its board of directors. (Source: Getty Images)
Castlelake will become the primary shareholder of the company and have three seats on its board of directors. (Source: Getty Images)

Castlelake L.P, the global alternative investment manager with $20 billion of assets under management, has announced that some of its funds will acquire up to 49.9% of the shares of Millenium Hotels Real Estate, a listed real estate investment company that specializes in luxury hotel properties in Spain and Portugal.

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