Partners Group has acquired a majority stake in Spanish hospitality platform Bluesea Hotels.
The global private markets firm, acting on behalf of its clients, has invested an unspecified sum to acquire its interest in the platform that operates a portfolio of 25 hotels with around 5,100 rooms.
The agreement involves partnering with mid-market private equity firm Portobello Capital and obtaining a seat on Bluesea’s board of directors
Partners Group, alongside Portobello and Bluesea’s management team, will drive value creation across Bluesea’s portfolio. Initiatives will include refurbishing existing properties, expanding ancillary services, improving operational efficiency and acquiring new hotels, the private markets firm said.
Source: realassets.ipe.com on the 20th of November