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Announced

Pictet Real Estate Capital to acquire Hotel Kimpton Aysla Mallorca.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Pending

Spain

Real Estate

Domestic

hotel operation

Hotels and Motels

Private

Friendly

Single Bidder

Synopsis

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Pictet Real Estate Capital, a real estate investment firm, agreed to acquire Hotel Kimpton Aysla Mallorca, a 5-star hotel, located in Santa Ponsa. Financial terms were not disclosed. “The Spanish hotel market is part of our investment focus, so we are pleased to have access to one of its main tourist destinations through a new-build asset, with very high levels of quality and sustainability, and from a leading international operator that is strongly committed to developing its Kimpton brand in Europe," Pablo Granell, Pictet Head of Real Estate for Spain and Portugal.

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