Deals
Rich Latin Americans, Tourists Draw Hotel Investments to Madrid
- De Niro co-founded group Nobu is planning a hotel in the city
- Madrid surpassed Paris in hotel investment interest this year
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Just doors down from where the Robert De Niro co-founded group Nobu Hospitality LLC is transforming a central Madrid office building into a luxury hotel, an iconic edifice was snapped up this week by Mexican investor Jeronimo Bremer’s firm, potentially to turn it into a five-star lodge.
The projects are adding to the buzz that’s made the Spanish capital a key destination for hoteliers — thanks to a boom in tourism, a sizzling-hot restaurant scene and an influx of well-heeled Latin Americans.