Stoneweg Hospitality (‘Stoneweg’), the lodge funding arm of world actual property firm Stoneweg, has acquired two motels in Spain from Globalia Enterprise Company, the Spanish tourism group, for €83 million. The investments have been made by means of a wide range of Stoneweg’s discretionary funds and improve the Firm’s hospitality publicity by 25%, from 1,281 to 1,691 keys, in addition to its weighting to the Balearic and Canary Islands to 62%, a area the place document customer numbers are forecasted in 2023.
La Niña is a 226-room, four-star lodge situated in Costa Adeje, Tenerife, 200 metres from Playa Fañabé and Playa de la Pinta. Palace de Muro is a 184-room, five-star lodge in Muro, Mallorca, and is located immediately on Playa de Muro, thought-about one of many world’s finest seashores. Each motels function a number of eating places, bars and swimming pools, in addition to a spa and gymnasium, in addition to Conferences, Incentives, Conferences and Occasions (MICE) amenities.
Following the 2023 summer time season, Stoneweg will undertake an intensive CapEx programme to refurbish and reposition the motels.
Stoneweg Hospitality, which was established in 2021, at the moment owns a portfolio of seven prime motels throughout Spain, which have been, or are within the means of being, repositioned by means of important managerial turnarounds, CapEx programmes and reflagging methods. This contains Alua Menorca, Casa Lit Barcelona or Exhausting Rock Lodge Marbella, which re-opened in March this 12 months following a complete refurbishment of its rooms & suites, and new frequent areas such because the Solar Society rooftop pool & restaurant and the show-dinner restaurant Nu Downtown.
The Spanish hospitality sector continues to recuperate strongly from the Covid-19 pandemic and this 12 months it’s predicted that the nation will welcome a document 85 million international guests, surpassing the earlier highest of 83 million set in 2019[1]. This is a rise of 17% on 2022 when 71 million international travellers visited Spain[2].
This was a uncommon alternative to determine a footprint in two of Spain’s prime performing hospitality locations, a market the place the tourism sector has loved an unprecedented post-Covid rebound, and add two belongings that complement our present high-quality portfolio. Whereas already providing robust fundamentals in their very own proper, according to our present technique, our extremely skilled crew will improve and reposition the belongings so as to generate extra returns by means of the creation of differentiated merchandise from an idea and branding perspective. Miguel Casas, Managing Director of Stoneweg Hospitality
About Stoneweg
Stoneweg (www.stoneweg.com) is an actual property asset supervisor and funding advisory group established in 2015 and headquartered in Geneva, Switzerland. The Group depends on native working groups to establish, develop and handle actual property investments across the World. Up to now, Stoneweg has invested greater than €5 billion in actual property in varied sectors together with residential, industrial, logistics and hospitality. Stoneweg’s experience lies in each fairness and debt funding methods. Its shoppers embody monetary establishments and household places of work that spend money on a wide range of constructions, together with membership offers, joint ventures and co-investments. Stoneweg Hospitality (established in 2021) owns and manages a portfolio of prime motels in Southern Europe, which have been, or are within the means of being, repositioned by means of important managerial turnarounds, CapEx packages and reflagging methods. With greater than 140 workers, Stoneweg is current in Switzerland, america, Spain, the UK, Eire, Andorra and Italy. Since 2015, Stoneweg has accomplished greater than 300 acquisitions alongside best-in-class companions.
