Hispania acquires Alua Hotels & Resorts portfolio for €165M

Hispania acquires Alua Hotels & Resorts portfolio for €165M


The portfolio of Alua Hotels & Resorts has more than 1,700 rooms divided by seven hotels located in the Balearic Islands (AluaSoul Palma, AluaSoul Mallorca Resort, AluaSoul Alcudia Bay and AluaSun Torrenova, in Mallorca, and AluaSoul, in Ibiza) and in the Canarias Islands (Ambar Beach, in Fuerteventura, and Parque San Antonio, in Tenerife).

Alua Hotels & Resorts will continue operating the hotels through a lease agreement with a fixed and a variable component, in line with the rest of the hotels of Hispania. As part of the transaction, Hispania expects to invest around €20 million to renew four of the seven establishments, given that the other three have recently been repositioned.

With this acquisition, Hispania expands its presence in the Balearic Islands, strengthening its position in Mallorca. It also incorporates a new operator to its hotel portfolio.

Likewise, Hispania has executed the acquisition of the Hotel Barceló Marbella to the Barceló Group, for a total of €19 million. The 4-star hotel, located in Guadalmina Alta (San Pedro de Alcántara), was built in 2004 and has 206 rooms.

With the execution of these two transactions Hispania has more than 13,100 rooms in 46 hotels, becoming the largest hotel owner in Spain.

"Hispania ends its investment period having committed all its investment capacity. These acquisitions are articulated with the strategy followed by Hispania and strengthens our leadership position in the Spanish holiday sector", highlights Concha Osácar, advisor of Hispania.


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