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Christie brokers sale of five-star hotel in Alicante
AIM-listed Christie Group said on Friday that Christie & Co, its specialist provider of agency and advisory services, has brokered the sale of the Hotel Denia La Sella Golf Resort & Spa in Alicante, Spain.
Christie & Co brought the hotel's purchase opportunity to the market after the signature of a mandate on an exclusive basis with the former ownership of the hotel (La Sella Group) and Amazona Investments, which is a joint venture between two privately managed investment funds.
The 5-star hotel, previously known as Marriott La Sella Hotel, was managed by the former owners under a franchise agreement with Marriott Hotels International until December 2016.
The new owner of the asset is a vehicle managed by Alantra, a specialised firm in financial advice and asset management whose investors have seen the hotel as an opportunity of asset repositioning, which will be managed on a rental basis by Gestión de Activos TurÃsticos.
Inmaculada Ranera, managing director for Christie & Co Spain & Portugal, said: "We are very proud to have been able to complete the sale of this asset, whose complicated financial situation has been a real challenge to bring this transaction to success. This opportunity received great interest, both nationally and internationally, given its exceptional characteristics."
At 1245 GMT, the shares were up 5.4% to 108p.