Brookfield has beaten out rival bids from the Stoneweg-Bain alliance and Goldman Sachs to secure a deal for Spain’s Selenta hotels group, according to reports in the Spanish press.
EjePrime suggested the sale price was between €420 and €430 million and includes four properties the Sofia and Expo Hotel hotels, in Barcelona; Don Carlos, in Marbella, and the Mare Nostrum resort, in Tenerife. The Expo Hotel in Valencia is not included according to the story.
Bain Capital Credit and Stoneweg were previously believed to be in pole position to acquire the properties.
Selenta will continue to manage the properties as part of a sale and leaseback deal.
Earlier this year Selenta sold the Nobu Barcelona to ASG for €80 million.