Schroders Capital has bought The Standard Hotel in Ibiza for an undosclosed amount.
This recently-built 67-room hotel is located in the Ibiza Old Town and features street-level restaurant Jara on the ground floor and a rooftop with a pool overlooking the marina.
This is Schroders Capital’s fourth acquisition over the past 12 months in the European luxury-lifestyle hotel sector.
What they said
Benjamin Chiche, investment director, real estate hotels, Schroders Capital, said: “We were attracted by the combination of a newly-built property in an excellent location with the power of The Standard brand behind it. The team at The Standard is perfectly positioned to capture the mood of the Ibiza market and the market excitement about their most recent opening in Ibiza is well deserved.
“Schroders Capital currently manages 55 hotels across Europe with a significant exposure to the luxury lifestyle end of the market. This depth of experience in operating real estate makes Schroders Capital a preferred buyer for sellers of such assets and in this instance allowed the transaction to complete within four weeks.”