CG Capital Europe has acted as the exclusive financial and real estate advisor to the Owner of the Asset, a reputed European Hospitality Private Equity firm, on successfully structuring and obtaining senior debt for the development capex of a hotel located over the Mediterranean Sea in Mallorca, one of the most sought-after touristic destinations of Spain.
The Project features 62 rooms and suites, as well as restaurants, gym, pool and spa, turning the Asset into a profit generating hotspot for anyone seeking a positive, healthy lifestyle.
This Transaction has been successfully executed in the current challenging moment for the Real Estate market, affected by the complex situation of the Real Estate debt capital markets. The raise in the interest rate curves to levels not seen since more than 10 years ago and especially the volatility and lack of visibility for the next 2-3 quarters make uncertainty prevail in the market, adding complexity to debt raising processes.
CG Capital Europe has executed a worldwide private process for the optimal financing of the Asset, obtaining four offers, and finally closing with a Spanish Bank.
CG Capital Europe, as the exclusive financial and real estate advisor of the Transaction, has run the entire structuring and raising of the senior debt, also been in charge of advising the Client throughout the due diligence as well as negotiating the loan documentation and the interest rate hedging associated with the refinancing.
This Transaction represents another example of CG Capital Europe’s highly successful track record, its excellent long-term relationships with +125 lenders (Banks and Alternative Lenders), and its deep knowledge of real estate and corporate finance, having closed deals for over €4,000 million, with a c.97% success ratio, during the last ten years.