Europe Hotel Transactions Bulletin - Week Ending 4 June 2021
Bain Capital and Stoneweg acquire the Andalucía Plaza hotel Marbella, Spain.
Bain Capital and Stoneweg acquire the Andalucía Plaza hotel Marbella, Spain
North American private equity firm Bain Capital Credit and Swiss real estate investor Stoneweg Hospitality have acquired the 400-room Andalucía Plaza hotel in Marbella, Spain for a reported €100 million (€250,000 per room) from local owner operator H10 Hotels. Located within the prestigious Puerto Banús area of Marbella, the property was one of the first hotels built in Marbella and includes several bars and restaurants, a swimming pool, multiple meeting rooms, a gym and a spa. The new owners plan to extensively renovate the property, and the seller will continue to operate the hotel until the end of this year.
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HVS, the world's leading consulting and services organization focused on the hotel, mixed-use, shared ownership, gaming, and leisure industries, was established in 1980. The company performs 4,500+ assignments each year for hotel and real estate owners, operators, investors, banks and developers worldwide. HVS principals are regarded as the leading experts in their respective regions of the globe. Through a network of some 60 offices and more than 300 professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. hvs.com.