Stoneweg Hospitality Extends Spanish Hotel Footprint With €83 Million Double Acquisition

Stoneweg Hospitality (‘ Stoneweg’), the hotel financial investment arm of international realty business Stoneweg, has actually gotten 2 hotels in Spain from Globalia Business Corporation, the Spanish tourist group, for EUR83 million. The financial investments have actually been made through a range of Stoneweg’s discretionary funds and increase the Company’s hospitality direct exposure by 25%, from 1,281 to 1,691 secrets, in addition to its weighting to the Balearic and Canary Islands to 62%, an area where record visitor numbers are anticipated in 2023.

La Niña is a 226- space, four-star hotel situated in Costa Adeje, Tenerife, 200 metres from Playa Fañabé and Playa de la Pinta. Palace de Muro is a 184- space, luxury hotel in Muro, Mallorca, and is positioned straight on Playa de Muro, thought about among the world’s finest beaches. Both hotels include numerous dining establishments, bars and swimming pools, in addition to a medical spa and fitness center, in addition to Meetings, Incentives, Conferences and Events (MICE) centers.

Following the 2023 summertime season, Stoneweg will carry out a comprehensive CapEx program to recondition and rearrange the hotels.

Stoneweg Hospitality, which was developed in 2021, presently owns a portfolio of 7 prime hotels throughout Spain, which have actually been, or remain in the procedure of being, rearranged through substantial supervisory turn-arounds, CapEx programs and reflagging techniques. This consists of Alua Menorca, Casa Lit Barcelona or Hard Rock hotel Marbella, which re-opened in March this year following a thorough repair of its spaces & & suites, and brand-new typical locations such as the Sun Society roof swimming pool & & dining establishment and the show-dinner dining establishment Nu Downtown.

The Spanish hospitality sector continues to recuperate highly from the Covid-19 pandemic and this year it is forecasted that the nation will invite a record 85 million foreign visitors, going beyond the previous greatest of 83 million embeded in 2019 [1] This is a boost of 17% on 2022 when 71 million foreign visitors checked out Spain [2]

This was an uncommon chance to develop a footprint in 2 of Spain’s leading carrying out hospitality locations, a market where the tourist sector has actually delighted in an extraordinary post-Covid rebound, and include 2 possessions that match our existing top quality portfolio. While currently providing strong principles in their own right, in line with our existing method, our extremely skilled group will update and rearrange the properties in order to produce extra returns through the development of distinguished items from a principle and branding viewpoint. Miguel Casas, Managing Director of Stoneweg Hospitality

About Stoneweg

Stoneweg ( is a property possession supervisor and financial investment advisory group developed in 2015 and headquartered in Geneva, Switzerland. The Group depends on regional operating groups to recognize, establish and handle property financial investments worldwide. To date, Stoneweg has actually invested more than EUR5 billion in property in numerous sectors consisting of domestic, industrial, logistics and hospitality. Stoneweg’s competence depends on both equity and financial obligation financial investment methods. Its customers consist of banks and household workplaces that buy a range of structures, consisting of club offers, joint endeavors and co-investments. Stoneweg Hospitality (developed in 2021) owns and handles a portfolio of prime hotels in Southern Europe, which have actually been, or remain in the procedure of being, rearranged through substantial supervisory turn-arounds, CapEx programs and reflagging methods. With more than 140 workers, Stoneweg exists in Switzerland, the United States, Spain, the United Kingdom, Ireland, Andorra and Italy. Considering That 2015, Stoneweg has actually finished more than 300 acquisitions along with best-in-class partners.


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