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Thursday, April 11, 2024

Clifford advises on the €137m refinancing of Hotels & Resorts Blue Sea group

Clifford Chance has advised a global investment manager on the €157 million refinancing of Hotels & Resorts Blue Sea group's existing indebtedness

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Blue Sea Hotels & Resorts is a young Spanish hotel group based in Palma de Mallorca managing a collection of hotels in Spain, with a wide range of hotels of different categories, having as main destinations the Canary Islands, Mallorca and the Spanish coast.

Despite the effects of the pandemic on the hotel sector, this deal shows that investors continue to show a keen interest in this traditionally strong sector in Spain.

Blue Sea Hotels was one of the companies that requested Sate Aid to SEPI in 2021.

Clifford Chance´s Global Financial Markets team was led by partner Eduardo García supported by associates Felipe Font and María Vispo.

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