Iberian Property > News > Retail Mercadona buys AC Aravaca hotel for €16M to convert it into a supermarket The company has acquired the 110-room Madrid asset, which until now was owned by Belagua, a company owned by Spanish businessman Antonio Catalán. Alexandre Lima | 18/01/2024 Hotel AC Aravaca, Madrid Exclusive Content NOT A SUBSCRIBER YET? SUBSCRIBE HERE >> Already a subscriber? LOGIN HERE >> Related news: Residential Merkel launches vehicle to invest €650M in PBSA over four years 01 June 2026 Hotels Hilton and Santander to launch long-stay accommodation in Madrid in 2028 29 May 2026