According to EjePrime, based on Expansión, the core idea is to reduce its hotel real estate portfolio, as well as its investment activity. To achieve that, the fund is looking for a partner who guarantees a property rental and management agreement.
It is well to remember that Portobello bought the Blue Sea in January 2017 for 70 million euro, through Portobello Capital Fondo III. Its portfolio has 24 3 and 4 star hotels in the Balearic and Cannary Islands, besides Madrid, Malaga or Alicante.
