spot_img
Wednesday, April 17, 2024

KWM advises on hotel sale in Mallorca

King & Wood Mallesons has advised the owners of Hotel Bamboo Alcudia on the sale of this four-star hotel complex in Mallorca to Atalaya, an investment fund led by Andbank, Navis Capital and THB Hotels

-

King & Wood Mallesons advised the owners of Hotel Bamboo Alcudia on the sale of this four-star hotel complex in Mallorca to Atalaya, an investment fund led by Andbank, Navis Capital and THB Hotels.

The hotel will undergo an intensive refurbishment that will transform the existing apartment complex into a four-star hotel establishment with 208 rooms and two outdoor swimming pools.

THB Hotels will manage the new Bamboo hotel in Alcudia. The complete refurbishment of the establishment will represent an investment of €10 million, according to market sources.

The refurbishment is expected to be completed in less than twelve months, after which the new THB Bamboo Alcudia aims to be a hotel benchmark of style and sustainability with the objective of competing in the upper segment of the market.

The KWM´s team of lawyers involved in this deal was led by partner and head of the Real Estate Law team José Antonio Calleja. Other lawyers involved were partner Roberto Pomares (Corporate); senior associate Candela Escribano (Real Estate) and associates Laura Moreira (Corporate) and César Báscones (Corporate).

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Javier Cepeda appointed Legal director at Iberdrola Energía Internacional

Javier Cepeda holds more than 15 years of experience as an in-house lawyer in the energy sector. He joined Naturgy (then Gas Natural) in...

Intrum acquires Haya Real Estate for €140m

This transaction is the result of the process that Haya announced in October 2022 to seek different strategic alternatives, with the aim of strengthening...

PM counsels Técnicas Reunidas on energy projects development with IC

Técnicas Reunidas, a global engineering company, has signed a Memorandum of Understanding (MoU) with IFC, the private sector arm of the World Bank, to...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: