Hispania acquires Hotel Guadalmina
Hispania Activos Inmobiliarios has acquired, in an off-market transaction, Hotel Guadalmina Spa & Golf Resort in Marbella, Spain for a total consideration of EUR21.5 million, fully disbursed with Hispania’s own funds.
The hotel has been acquired from the .wner family group and was preceded by the purchase, to a financial institution, of the mortgage debt secured by the hotel.
Hotel Guadalmina Spa & Golf Resort is on the beachfront, with direct access to one of the best golf courses in the area and located in one of Marbella’s most exclusive areas. With its current four star rating, the hotel offers 178 rooms and a broad range of installations and adjacent services.
It is currently operated by an independent hotel operator through a lease agreement ending in March 2015.
Hispania’s strategy for Hotel Guadalmina includes a significant investment plan in order to reposition the asset as one of the most attractive hotels in Marbella.
“Hispania’s first acquisition is an excellent example of our strategy of investing in high quality assets where there is a clear value-creation potential through an investment and asset management plan to reposition the asset. The Costa del Sol in general and Marbella in particular, is an area that Hispania is committed to and plans to continue investing. Moreover, this transaction confirms our advantage in accessing high quality assets through debt transactions and in off-the-market deals,” says Concha Osacar, board member of Hispania and co-founding partner of Azora, Hispania’s investment manager.
- By Category
- News from other sites
- Special Reports
- Partner events