• Ritz Madrid marketed

Reports suggest that the Ritz in Madrid is being marketed for owners Omega Capital and Orient Express Hotels.

The pair acquired the site for EUR125m in 2003 from Le Meridien and are thought to have appointed JLL to manage the sale. It is thought that the hotel could stay under management with Orient-Express, as Belmond, or could be sold free and clear of any contract.

Read the full story here: http://www.expansion.com/2014/05/06/empresas/inmobiliario/1399407517.html?cid=GNEWS600103

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