Hesperia Acquires La Manga Resort from the Arum Group

31 July 2019

Hesperia Investor Group has reached an agreement with the Arum Group to acquire a controlling stake in the La Manga Club luxury resort. The 560-hectare resort is a tourist and residential complex with extensive sports and golf facilities and until now, was a part of the portfolio of assets of Inmogolf, a company linked to Arum. The two firms declined to reveal details of the transaction.

La Manga Club has a 192-room, five-star hotel, the Prince Felipe, which has a wide range of amenities, including an outdoor pool, gym, meeting rooms, a children’s club and playground, and an array of bars and restaurants. Also, the resort has 200 4-star flats for family vacations, with two swimming pools and restaurants. The residential complex also hosts a 2,000-m2 wellness centre, with thirteen treatment rooms, saunas, steam rooms, a training centre for athletes and a gym with a 25-meter indoor pool. The club itself has an enviable location, with three golf courses, facing the Mar Menor, the Mediterranean Sea and next to the Calblanque Natural Park.

La Manga Club will now join Hesperia’s portfolio of assets (both owned and managed), consisting of more than 5,000 rooms, 29 hotels, six resorts on the Peninsula and the Balearic and Canary Islands, along with 23 hotels in Spain’s principal cities.

The Arum Group, through its subsidiary Inmogolf, will continue to manage La Manga Club’s real estate business.  In turn, Hesperia is planning a series of investments to make La Manga the premiere resort in southern Europe.

Original Story: Cinco Dias

Adaptation/Translation: Richard D. K. Turner

Arum Group Invests Another €80M to Expand La Manga Club

20 November 2018 – Eje Prime

Arum Group is getting its wallet out to expand its resort in Murcia. The Spanish property developer, chaired by the magnate Jordi Robinat, is planning to invest more than €80 million in the upcoming expansion of La Manga Club, its residential complex located in the municipality of Cartagena, according to explanations provided by sources at the group speaking to Eje Prime.

The company is already processing a new partial plan to expand the resort by more than 48,000 m2, with the aim of developing new homes. Moreover, if the operation goes ahead, the group forecasts that the building work will begin between the end of next year and the beginning of 2020. The scheduled execution period is between three and four years.

Currently, La Manga Club has a surface area of 1.3 million m2, contains 2,300 homes, two 5- and 4-star hotels, three golf courses (one of which has 18 holes), thirty clay tennis courts, eight soccer fields and a cricket pitch.

With the majority of the residential assets now sold, Arum Group is developing the last one hundred homes, which will be primarily dedicated to international buyers. “English investors are the most common, although increasingly, we are closing more operations with Norwegian clients, as well as Belgians and people from other countries in the north of Europe”, explain sources at the company.

La Manga Club is the only project that the Arum Group has underway in the Region of Murcia. In fact, the property developer owned by Robinat purchased the complex from the Anglo-American cruise company, The Peninsular&Oriental Steam Navigation (P&O), in 2004 for €146 million.

Since then, the Spanish company, headquartered in Barcelona, has undertaken several expansions of the resort, which is one of the largest in southern Europe. The company owns three other residential projects currently underway in Spain, two in Cataluña and one in Tenerife.

The transformation of the Arum Group

The origins of the Arum Group date back to the 1990s, when Jordi Robinat, one of the people responsible for the launch and subsequent sale of the iconic Palace and Ritz hotels in Madrid, decided to set up on his own. He did so initially by creating the firm Med Resort before then formalising the expansion of the company in the Spanish real estate sector, under the brand Medgroup.

With that company, which at the time included George Soros and the former Goldman Sachs banker, Richard Perry, amongst its largest shareholders, Robinat introduced the tourist resort complex to the Spanish coast by integrating homes, hotels, golf courses, spa centres and commercial premises into the same complex.

Original story: Eje Prime (by Berta Seijo)

Translation: Carmel Drake