HI Partners acquires Calvia Dreams & Barracuda and Camino Real Hotels
| Press Release
Barcelona, 22nd of December. HI Partners acquires 3 hotels, Calviá Dreams, Barracuda and Camino Real.
Calviá Dreams & Barracuda is a 2-building hotel in Mallorca located 100 meters away from the beach in a unique plot. The hotel has 405 rooms and HI Partners plans to refurbish it to position the hotel as a reference in the area.
Camino Real resort is located in an outstanding beachfront plot in Torremolinos (Málaga) with more than 35,000 sqm. The hotel has 512 rooms distributed into four different areas (main building, bungalows, apartments and conventions center) and extensive outdoor common areas. HI Partners will deploy CAPEX to transform the building into an iconic resort in the area.
Blackstone is committed to execute HI Partners growing strategy to position the company into Spain’s premier hospitality business.
Hotel Investment Partners is a leading leisure real estate company in Spain owning 17 hotels comprising 4,500 rooms. The hotels are predominantly operated under management contracts with strong national and international operators including Ritz-Carlton, AC Marriott, Lopesan, and Meliá, amongst others. HI Partners has a strong and experienced senior management team with over 50 years of combined experience in the hospitality sector and an outstanding track record.
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $111 billion in investor capital under management. Blackstone’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major holdings include Hilton Worldwide, Invitation Homes (single family homes) and prime office buildings in the world’s major cities. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust.