KKR is looking to offload a portfolio of five hotels in the Balearic Islands that it bought five years ago, according to reports in the Spanish press.
The five properties, now operating under the Alua brand, were previously part of the Intertur Hotels chain, which was bought by KKR and asset manager Dunas Capital back in 2017.
Two of the hotels are in Mallorca and three are in Ibiza.
Cinco Dias reported that the starting price for the portfolio is €140 million. Hospitality Insights has approached KKR for comment.
Alua Hotels & Resorts is part of Apple Leisure Group, which is itself now part of Hyatt.
KKR declined to comment.