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Hesperia is looking for a fund to buy a Thomas Cook hotel portfolio
11 November 2019 | Vanessa Sousa

British Thomas Cook’s hotel Portfolio in Spain is under Hesperia’s radar, but the hotel group is still looking for a debt fund to finance this operation which may surpass 250 million euro.

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Hesperia’s goal, according to El Economista, is to share responsibilities, with Hesperia in charge of managing the hotels and the fund participating in their acquisition.

Hesperia is interested in managing only 8 of the 55 hotels included in Thomas Cook’s portfolio in Spain.

Within the next two weeks, Hesperia – as well as the other interested parties – will place its bid on the negotiating table.

This group has a 26 hotel portfolio, with 6 hotels located within the main Spanish holiday destinations, such as the Balearic Islands, the Canaries and the South of Spain; and the  majority of the assets (23) located within the country’s largest urban centres.