Turkish hotel group Kaya has acquired the ME Barcelona hotel from Spanish developer Actual Capital for more than €100 million, according to Crónica Global. The transaction marks Kaya's entry into the Barcelona hospitality market through the acquisition of one of the city's best-known luxury lifestyle hotels.
Located on Carrer de Casp, a short walk from Passeig de Gràcia and Plaça de Catalunya, the property opened in 2021 on the site of the former Teatro Novedades. The hotel comprises 164 rooms and suites and is positioned in Barcelona's prime luxury hospitality market.
Meliá Hotels International will continue to operate the asset under its ME by Meliá brand. The hotel features two restaurants, a rooftop swimming pool, a spa, a gym, an urban garden, a rooftop bar and over 600 sqm of versatile spaces.
The seller, Actual Capital, developed the project as part of the regeneration of the historic city-centre site. Financial details of the transaction have not been officially disclosed, although Spanish media report that the deal exceeds €100 million.
Headquartered in Turkey, Kaya Hotels & Resorts operates a portfolio of luxury hotels and resorts across Turkey, Cyprus and the UK, with a particular focus on the upscale leisure and hospitality segment. The acquisition expands the group's footprint into Spain, one of Europe's most active hotel investment markets.
This is taking place against a backdrop of strong momentum and activity. Hotel investment in the Iberian Peninsula reached €2.6 billion during the first half of 2026, 27% more than in the same period the previous year and the highest volume recorded for the first six months of the year, according to data from CBRE. The market was driven by the weight of luxury assets and by activity from both institutional capital and Iberian investors.
