Spring Hotels completed the acquisition of Mare Nostrum Resort from Brookfield-backed Selenta Group for €430m.

Synopsis

Spring Hotels, a hotels group, completed the acquisition of Mare Nostrum Resort, a hotel located on the 'Golden Mile' in Playa Las Americas, from Brookfield-backed Selenta Group, a hospitality services provider, for €430m ($504m).

Principals

target

Mare Nostrum Resort

bidder

Spring Hotels Group

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Market Context

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Bidder Team (1)

miguel villarroya

CEO at SPRING HOTELS GROUP

Manager

bidder

Deal

£ 367 M

Total Value

Vendor Team (2)

albert tomas

General Manager at SELENTA GROUP

Manager

vendor

Deals

£ 741 M

Total Value

bruce flatt

CEO at BROOKFIELD ASSET MANAGEMENT

Investor

vendor

Deals

£ 126.45 B

Total Value

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