teamOn advises on the sale of the San Fermín hotel to the private equity firm NAVIS CAPITAL.

From left to right: José Ignacio Aguirre (former owner), Tamara Alonso (Colliers), Giuseppe Russo (teamOn), Giuseppe Russo (teamOn), Antxon Aguirre (former owner).

 

– The hotel, located in Benalmádena, is a benchmark for holiday tourism in the town of Malaga and has 316 double rooms and 3* category.

– Navis Capital Desarrollo formalizes the first purchase transaction of the Atalaya Project with which it will structure investments in the national hotel market for more than 160 million €.

– The Aguirre family, until now owner of Hotel San Fermín, has been advised by Colliers and TeamOn, experts in corporate finance, investment and real estate transactions, while Deloitte has acted as advisor to the buyer.

Hotel San Fermín in Benalmádena

The San Fermín hotel, with 3-star category and 316 double rooms was built by the Aguirre family, owner of the asset since 1976 and whose last refurbishment culminated in 2016-2017. It has 10,655 m2 of built area distributed in 2 buildings and 4,000 m2 of green areas and facilities including 2 swimming pools, tennis court, bar, restaurant and 2 parking lots with a total of 62 parking spaces. It is located on the coast of Benalmádena, 350 meters from Santa Ana beach and 800 meters from Puerto Marina, right at the junction of the municipalities of Benalmádena and Torremolinos, two national and international benchmarks for sun and beach tourism.

This transaction is part of the investment strategy in hotel assets of the private equity firm Navis Capital Desarrollo which, under the name “Proyecto Atalaya”, will structure investments for more than 160 million € in hotel assets of holiday type, with 3 and 4 stars category, more than 150 rooms and locations in the most important Spanish tourist destinations. This project is being marketed throughout Spain through Andbank, one of the country’s leading private banks.

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