The Marina d'Or resort, located in the town of Oropesa del Mar, Castellón, and known for being one of the largest in Spain, has finally been sold following the recent approval of the National Markets and Competition Commission (CNMC). The transaction, advised by Colliers, took place on 8 November 2023 and involved the acquisition of 50% of the assets by Grupo Fuertes and Magic Costa Blanca.
Built in the 1990s and stretching along more than 2.5 kilometres of beachfront coastline, the resort includes a wide range of real estate assets offering an integrated resort destination.
The sale includes five holiday hotels with a total of more than 1,200 rooms. These include a five-star establishment that houses the largest seawater spa in Europe, as well as two four-star hotels and one three-star hotel, all located in Oropesa del Mar. The transaction also includes two urban hotels in Villarreal (Castellón) with more than 100 rooms and more than 150 flats for rent and ownership.
Hotel assets sold - Marina d'Or
The deal additionally encompasses five theme parks and large-capacity outdoor and indoor event venues, as well as more than 100 retail outlets of various types, including restaurants, clothing shops, nightclubs and a shopping centre. This portfolio of assets is complemented by land at various stages of development and other resources such as energy production facilities, a petrol station, sports facilities and storage areas.
Laura Hernando, Managing Director of Hotels at Colliers, emphasised the complexity of the Marina d'Or sale transaction and the importance of the advice provided by Colliers' Debt Advisory team to Farallon Capital Management L.L.C. at all stages of the investment. This transaction underlines the confidence of Spanish investors in the hotel sector and in the potential revaluation of established tourist destinations.
