The hotel, purchased from Derby Hotels, is located in a prime district near the historic Grand Opera. The transaction is valued at $113 million (approximately 8.7 billion rubles), highlighting Ortega’s continued focus on high-end real estate investments across major global cities.
Pontegadea holds a 59% stake in Inditex SA — the parent company of brands such as Zara, Bershka, and Pull & Bear — and reinvests its substantial dividends into property, infrastructure, and energy assets.
Earlier this year, Ortega expanded his holdings with the acquisition of a residential property in Fort Lauderdale, Florida, for an estimated €165 million (15 billion rubles), and an office complex in Barcelona valued at €250 million (22 billion rubles).
In parallel with these real estate ventures, media reports in May suggested that Zara may still have a pathway to return to the Russian market. According to the Financial Times, Inditex’s agreement to sell its Russian business reportedly included provisions that could allow the fashion group to resume operations in the future.
