Skip Ribbon Commands
Skip to main content

News

MADRID

JLL Advises Portuguese Sodim on the Sale of Hotel Villa Magna, Madrid

Iconic trophy hotel located on prestigious Paseo de la Castellana in Madrid sold by Portuguese Sodim to Turkish Doğuş Group


​​Iconic trophy hotel located on prestigious Paseo de la Castellana in Madrid sold by Portuguese Sodim to Turkish Doğuş Group


JLL's Hotels & Hospitality group has advised Portuguese Sodim SGPS SA on the sale of the five-star, 150-bedroom Hotel Villa Magna, Madrid, Spain, to Turkish Doğuş Group.

The Villa Magna is one of the most luxurious hotels in Spain located on Madrid's prime commercial thoroughfare Paseo de la Castellana. The hotel's outstanding location provides excellent accessibility to business and financial districts as well as tourism spots.

Sodim SGPS SA acquired the Hotel Villa Magna in 2001. The hotel underwent a full refurbishment for two years and reopened in January 2009. Sodim is a Portuguese company based in Lisbon, held by Pedro Queiroz Pereira, with interests in the hotels business well as in the environment, cement and pulp and paper industry.

Founded in 1951, The Doğuş Group as a leading Turkish conglomerate employs more than 50,000 employees and is active in core businesses: financial services, the automotive sector, construction, media, tourism and related services, real estate, energy and F&B.

 Established in 1976, Dogus Tourism Group operates in three different lines of business namely: hospitality (D-Hotels and Resorts), marinas (D-Marin) and destination management and MICE (Antur).

The value of the sale remains confidential.