Maslow Capital finances Tikehau Capital’s new hotel platform in Iberia, with a gross development value of more than €200 million
- The transaction reflects the growing role of alternative finance in supporting new operational real estate developments in Spain
Maslow Capital, a leading pan-European provider of specialist real estate finance, has provided senior financing to support Selecto’s first Iberian hotel portfolio.
Selecto is a new hotel platform focused on the limited-service urban hotel segment in the Iberian Peninsula, launched by Tikehau Capital together with Quest Capital. The portfolio comprises four projects in Madrid, Málaga and Barcelona, with a combined gross development value of more than €200 million.
The assets are located in MadBit and Las Tablas, in Madrid; in the FYCMA area of Málaga; and in L’Hospitalet de Llobregat, Barcelona, close to Plaza Europa and Fira Barcelona. The hotels will operate under the Holiday Inn Express brand through a franchise agreement with IHG Hotels & Resorts.
The MadBit project in Madrid has already entered the construction phase and represents the platform’s first asset to move into development.
The transaction reinforces Maslow Capital’s role as a specialist financing partner for real estate platforms, institutional investors and specialist operators across Europe. It also reflects the growing demand for operational real estate assets in Spain, particularly those linked to efficient and scalable models, such as urban hotels.
In recent months, Maslow Capital has backed landmark projects across the hotel, logistics, living and wider operational real estate sectors, providing financing solutions tailored to complex structures and the specific requirements of each project. This activity highlights the increasingly important role of alternative finance as a complementary route to enabling new real estate developments and accelerating value creation in assets with strong underlying demand fundamentals.
“This transaction reflects our commitment to supporting platforms with clear growth potential and assets aligned with the evolving dynamics of the real estate market. The urban hotel segment offers attractive opportunities in Spain, driven by a combination of demand, professionalisation and scalable operating models. Selecto brings together many of the elements we look for in our partners: a clear strategy, leading operators and projects with long-term potential.”Emilio Silvestre, Managing Director, Head of Origination at Maslow Capital (Spain)
