• Transaction / Assets
    Alantra Acquires Islantilla Golf Resort
  • Seller
    Avanco y Herausa Gestión y Promoción
  • Buyer
    Alantra
  • € MM
    n/a

Arcano Advises on the Sale of One of the Largest Resorts in Andalusia: the Islantilla Golf Resort

31 August 2018

The shareholders have sold 100% of the Resort to a vehicle managed by Alantra REIM, in a transaction advised by Arcano.

The Resort will be operated by GAT (Gestión de Activos Turísticos), and comprehensive renovations are planned.

The integral plan to reform the Resort will boost the forthcoming urban development of “Islantilla Norte,” which has more than 160,000 m2 in area.

The Islantilla Golf Resort, which was inaugurated in 1992, is a Resort with a 4-star hotel, located between Isla Cristina and the marshes of the Piedras River (Costa de la Luz).

The Resort counts with a 4-star hotel with 204 rooms, a spa with thermal baths, gym, a large outdoor pool and an indoor pool, a 27-hole golf course, the “Beach Club Islantilla”, 2 tennis courts, a paddle court, 3 football fields with natural grass and FIFA measurements, facilities for events, and special bird watching routes in southern Andalusia. It also has a school for nautical activities such as windsurfing, kite surfing, surfing, catamarans and sailing.

The Resorts has a total of 5 restaurants: the Las Carabelas Buffet Restaurant, Colon Bar, La Ola Grill Restaurant, Beach Club Restaurant, and an Italian restaurant in the golf clubhouse.

The Resort has a national clientele, but more than 50% of its clients are international (mainly from the United Kingdom, Denmark, the Netherlands, Iceland, Portugal and Germany) who can enjoy the Resort during its 365 day-year.

The new owner of the asset is a vehicle managed by Alantra REIM. Investors have opted for the hotel as an investment and development opportunity, which will be exploited on a rental basis by GAT, and where an investment to reposition the establishment is planned.

The selling shareholders are also the owners of 1.4 million square meters of adjacent land, called “Islantilla Norte” with more than 160,000 buildable square meters for the development of a hotel, golf course, commercial area, as well as a 120,000-m2 residential area.

According to the selling shareholders: “The complete reform of the hotel will increase occupancy and variety of the current Islantilla Golf Resort clientele, which will benefit the residential, commercial and leisure development of Islantilla Norte, which we will undertake during the coming years.”

According to Luis Iglesias, Partner at Alantra REIM: “With this second hotel investment in 2018, we continue to build a quality hotel portfolio in a sector with a great capacity.”

Arcano, a leading independent financial advisor, has been the exclusive financial advisor to the sellers.

About ARCANO PARTNERS

Founded in 2003, Arcano is a leading independent financial advisory alternative management firm. With offices in Madrid, Barcelona, Lisbon and New York, it has a team of more than 155 professionals. Within the Investment Banking team, Arcano has more than 55 professionals in Spain, with previous experience in some of the largest investment banks in the world.

The team has successfully closed 56 transactions since 2016. Arcano has a strategic alliance with the investment bank Jeffries, which has a presence in more than 34 cities around the world and a team of 3,800 people, which provides a global platform for execution and distribution.

Original Story: Arcano Press Release

Translation: Richard Turner

 

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