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