Hotel Investments Partnership will manage asset portfolio independently
Banco Sabadell has created the Hotel Investments Partnership (HIP) to manage hotel assets. The portfolio comprises an initial package of 20 tourist establishments distributed throughout Spain worth approximately €250 million.
Although the bank will be HIP’s majority shareholder, the company will manage the assets with the aim of increasing their value. HIP also expects to gain new assets worth up to €1 billion.
Cuatrecasas, Gonçalves Pereira has advised Banco Sabadell on designing and implementing HIP, through its Corporate and Commercial, and Tax Practices