Manuel Lao (Nortia) acelera en hoteles con la compra del Rosewood en Londres

Manuel Lao, through his investment vehicle Nortia, is expanding his partnership with Gencom as he acquires the prestigious Rosewood London hotel for over £355 million. Gencom, an American investment firm, is joining forces with Nortia in this luxury hotel venture, securing the exclusive Rosewood London property in the heart of London's Midtown, between Covent Garden and the City of London.

The acquisition, reported by market sources to EXPANSIÓN, also involved participation from other investors and was completed for an amount exceeding £300 million (approximately €355 million at current exchange rates).

Rosewood London, with its 308 rooms, stands in a historic building constructed in 1912. Preceding this transaction, the hotel was under the ownership of CTF Development, led by the Hong Kong-based Cheng family. Following an extensive renovation totaling £85 million, the Rosewood London officially opened its doors in 2013. Nortia's investment in this London gem comes on the heels of Gencom's recent involvement in the InterContinental Miami and the acquisition of The Ritz-Carlton Central Park in New York.

Collectively, these three assets are estimated to be valued at around €1 billion. Manuel Lao, Nortia Capital's president, highlights that Rosewood London possesses exceptional characteristics due to its prime location, market positioning, and significance within the international hotel sector, aligning perfectly with Nortia's long-term investment strategy focusing on asset quality and value creation.