Hesperia Investment Group to Acquire La Manga Club, Spain
Main Photo: La Manga Club, Spain
Date: August 2019
Location: Marbella, Spain
Name: La Manga Club
No. of Keys: The resort includes the five-star Hotel Principe Felipe with 192 rooms, 200 apartments (Las Lomas Village), more than 15 bars and restaurants, a cove overlooking the Mediterranean Sea and a 2,000 sqm Wellness Centre.
One of the main attractions at La Manga Club is its impressive variety of sports facilities. The complex has three 18-hole championship golf courses – each one with its own character – designed by renowned personalities of the golf world such as Robert Dean Putman, Arnold Palmer and Dave Thomas.
There is also a superb golf academy and a pitch and putt designed by Spanish golf legend Severiano Ballesteros. In 2017, the golf club received the proud honour of being granted royal status from the Spanish royal household, being renamed “Real Golf La Manga Club”.
The resort also boasts an outstanding tennis centre which, with as many as 28 courts including 20 clay courts, is one of the premier outdoor tennis facilities in Europe.
It has hosted some of the most important events on the tennis calendar including the Davis Cup, Fed Cup and several ATP tournaments. The football centre at La Manga Club offers eight FIFA-size football pitches and has hosted many of the world’s best teams. The European Cricket Performance Centre comprises of 23 natural grass nets, two natural grass squares, and six artificial grass nets, while La Manga Club is also the perfect venue for other sports such as cycling, rugby and triathlon.
Seller: Arum Group, also owner of Abama Resort in Tenerife, Eldorado Palya on Spain’s North-East coast and the Med Cambrils Resort in Catalonia.
Buyer: Hesperia Investment Group has reached an agreement with Arum Group to acquire a majority stake of the luxury resort La Manga Club.
The Spanish resort has a total area comprising of 560 hectares with a privileged location in front of the Mar Menor and Mediterranean seas and adjacent to the nature reserve of Calblanque.
La Manga Club is a tourism and residential resort with a wide range of sports facilities which until recently belonged to Inmogolf, a company linked to Arum Group.
Additionally, GIHSA will invest in the improvement of the complex in order to create the best leisure and sports resort in southern Europe.
Arum Group will continue to run the real estate business in La Manga Club through its subsidiary, Inmogolf, with a great development potential due to the touristic appeal of its excellent location.
Jesús Abellán, chief executive of Arum Group, said: “Hesperia is the optimal partner to continue with this expansion project as this deal strengthens not only the resort’s further extension but also the development of the whole area, with a huge potential for residential tourism growth.”
Since its opening in 1972, La Manga Club has gone through different development stages until becoming one of the most renowned leisure and sports resorts in Southern Europe.
With this strategic deal GIHSA boosts its business activity in the premium resort business arena and brings its expansion plan a step further after initiating its new independent business plan at the end of last year.
Jordi Ferrer, chief executive of GIHSA said: “This operation perfectly matches our growth strategy in the hotel market with quality assets that allow us to keep consolidating as a reference in the Spanish hotel industry and, in particular, this acquisition will allow us to create the best resort in south Europe.”
La Manga Club adds to Hesperia’s property and asset management portfolio comprising of more than 5,000 rooms owned, operated and managed by Hesperia; 29 hotels with six leisure resorts located in the Balearic Islands, Peninsula and Canary Islands, as well as 23 urban hotels situated in Spain’s main cities.
THPT Comment: Well this is certainly “the big one” when it comes to Golf and Southern Spain…we hope this will bring some stability to this fine property and long-term investment to keep the hotel/s and golf upto scratch. Anyone hear a price?
First Seen: Breaking Travel News
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