Buy-side advisory

Financial advisor to Spring Hotels on the acquisition of Mare Nostrum Resort from Selenta (Brookfield)

AZ Capital acted as financial advisor to Spring Hotels on the acquisition and structuring of the financing of Mare Nostrum Resort, a hotel complex located in the south of Tenerife with over 1,000 rooms distributed across three hotels: Sir Anthony 5*, Mediterranean Palace 5*, and Cleopatra Palace 4*.

The transaction, valued at €430 million, represents the largest single-asset hotel transaction in the history of Spain. The complex also includes a convention centre (MICE) with capacity for more than 1,600 people, a Hard Rock Cafe, and a beach club.

With this acquisition, Spring Hotels increases its portfolio to seven hotel assets and more than 2,300 rooms owned and under management, consolidating its position as one of the leading independent hotel groups in Spain.

Sector: Real Estate and Hotels