Colliers | Advisory services to Brookfield on the purchase of Selenta Group

The Canadian, Brookfield Asset Management, has acquired a portfolio of 4 hotel assets from Selenta Group for 440 million euros
This transaction comprises 4 hotel assets and 2.237 rooms, all located in prime destinations. The Mare Nostrum Resort complex in Tenerife is the largest hotel asset by rooms, transacted in 2021.

Colliers (NASDAQ: CIGI; TSX: CIGI), a global leader in advisory services and investment management in real estate, has advised the Canadian manager Brookfield Asset Management on the purchase of Selenta Group for 440 million euros, the largest hotel investment operation completed during the course of the year in the Spanish market.

The transaction comprises 2,237 rooms and 4 hotel assets: the Hotel Sofia Barcelona (5*- 465 rooms) operated under the brand ‘The Unbound Collection by Hyatt’, the Hotel Expo in Barcelona (4* - 435 rooms ), the Hotel Don Carlos Resort & Spa (5* - 299 rooms), one of the most emblematic luxury hotels in Marbella, and the holiday resort Mare Nostrum Resort,Tenerife (5* - 1.037 rooms), the largest hotel asset transacted in 2021 in Spain. All the hotels are located in prime destinations and Selenta Group will continue to operate with them.

"This transaction allows Brookfield to acquire a portfolio of quality assets in the main Spanish tourist destinations, as well as a consolidated management platform from which to develop its growth plan in Spain. The operation is postulated, for the moment, as the largest volume of the year, surpassing even the purchase by Riu Hotels & Resorts of the minority stake (49%) in its joint venture with the tour operator TUI, still to be formalised" - Comments Laura Hernando, Managing Director of Hotels at Colliers Spain.

A historic month of July for hotel investment in Spain

Investors continue their frantic race in the Spanish market. By the end of July, the hotel investment accumulated in the year stands close to 2,000 million euros. In July alone, hotel assets for more than €880 million were transacted, which represents approximately 45% of the total hotel investment invested in 2021.

Prime assets in tourist destinations (both urban and holiday) continue to be the “stars”. As Colliers anticipated in the hotel investment report for the first half of 2021 in Spain, these have proven to enjoy high liquidity and allow divestments with minimal discounts on pre-Covid valuations.

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Related Experts

Laura Hernando

Managing Director | Hotels

Madrid

+34 91 579 84 00

Laura Hernando is Managing Director of the Hotels Department at Colliers International Spain. She was partner of irea from January 2017, when she was appointed to partner after more than ten years of professional career at the firm, until March 2018 when irea joined Colliers International. She specialises in advising on hotel sales, as well as on the sale and purchase of debt portfolios secured by hotel assets and company sales. She also has experience in structuring financing for the acquisition and development of hotels, in financial restructuring for hotel and real estate groups and in strategic consultancy for companies with interests invested in the hotel sector, including the negotiation of management contracts with hotel chains.

She began her career as an analyst in the mergers and acquisitions department at Atlas Capital Close Brothers. Laura joined the irea Hotels division in 2005.

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Gonzalo Gutiérrez

Managing Director | Hotels

Madrid

+34 91 579 84 00

+34 608 474 903

In 2017 Gonzalo joined Colliers as Director of the Hotel Team. Previously he had developed his profesional career at Irea´s hotel team for nine years.

Gonzalo has a financial backgroud which allows him to provide advisory services to Hotel and Real Estate companies in transactions (sell-side & buy-side), financial restructuring, search for financing, valuation of NPL´s portfolios, design of strategic plans to Hotel and Real Estate companies, hotel operator search and contract negotiation, feasibility analysis and hotel valuations.

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Alejandra Folgado

Marketing & Comms. Director Spain & Portugal

Madrid

+34 91 579 84 00

As Marketing and Communications Director I'm responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers in Spain and Portugal achieve its growth and customer acquisition goals.

I began my career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where I was Knowledge & Organization Manager for almost 4 years. After a 5 years of professional and personal experience in Italy, I returned to irea as Marketing & Communications Manager.

I was Head of Marketing and Communications at irea from january 2015 until March 2018, when the spanish firm integrates in Colliers. I leading the brand renovation process of Colliers in the Spanish market.

I'm hold an International Marketing and Communications Master from Polimoda Business School (Italy).

I have worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. I'm a wide experience in managing and coordinating events including conference, congress and trade fairs.

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