Iberian Property > News > Hotels Spanish family office buys the Rafael Atocha hotel for €81M at a record auction Bancalé, an asset-holding company owned by the Aragonese Fabre Luengo family, has been awarded the property, doubling the starting price. Alexandre Lima | 10/07/2024 Rafael Atocha hotel, Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Culmia sells 50% stake in 1,800 affordable homes to MEAG 20 February 2026 Offices Royal Metropolitan acquires the Elcano building from Barings 19 February 2026