Bain Capital Credit, LP and Stoneweg Hospitality via their real estate hospitality joint venture, have announced the acquisition of the 400-room Andalucía Plaza hotel complex with the aim of renovating the establishment to offer a new hotel experience. The property will continue to be operated by H10 Hotels until the end of 2021.
The repositioning of the hotel will transform this iconic establishment located next to the Casino Marbella into a unique lifestyle destination and a focal point for the multiple events that take place throughout the year in Marbella. The works will include the refurbishment the guest rooms, common areas including the lobby, pool, the various F&B outlets and the gardens and outdoor terrace.
“We are delighted to have acquired this great hotel in such a prime location, in the heart of Puerto Banús on the Costa del Sol,” said Fabio Longo, a Managing Director at Bain Capital Credit. “Our expertise in the Spanish hospitality industry will allow us to invest strategically in the facilities and reposition the venue to reach its full potential, in partnership with Stoneweg.”
Joaquín Castellví, Founding Partner and Head of European Acquisitions at Stoneweg, said: ” We are really delighted with the closing of this operation. We want to offer an experience with a first class lifestyle concept, responding to the new and rising demand of the Costa del Sol.”