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Europe Hotel Transactions Bulletin - Week Ending 19 February 2021 share this article Advertisements APG and Singaporean sovereign wealth fund GIC have agreed to acquire the 200-room Madrid Edition for a reported €205 million (~€1 million per room). The forward sale was brokered by HVS Hodges Ward Elliott. Upon completion, the luxury lifestyle property will be the fourth Edition hotel in Europe, following London, Bodrum, and Barcelona. Institutional investors KKH Capital Property and US-based Perella Weinberg Partners originally acquired the 25,000 m 2 site from Fundacion Montemadrid back in December of 2016 for a reported €80 million. At the time, the JV planned to convert the then office space into a 180-room hotel at a purchase value of €444,000 per room. ....