The Cuatrecasas Tax Practice has advised Equity Inmuebles on the sale of a hotel portfolio comprising 17 hotels across the Iberian Peninsula and the Canary Islands. This is the largest hotel portfolio ever sold in Spain.
It encompasses over 2,500 hotel beds strategically located in major cities and most popular tourist destinations in Spain, with a significant portion in the capital, and includes iconic hotels such as the ME Madrid Reina Victoria Hotel.
Spain is one of the few European countries that continues to experience an increase in the volume of transactions and this particular case is further proof that investors continue to place their trust in the country’s hotel industry.
The team of Cuatrecasas lawyers advising Equity Inmuebles on this transaction was made up of partners Ignacio Costa and Javier Rodriguez (Corporate Taxation) and Pablo Espolita (Private Client & Wealth Management). They worked together with Pérez-Llorca, the law firm that led the commercial side.
Once again, the participation of Cuatrecasas in this transaction demonstrates its great expertise and benchmark position in advising on the taxation of complex and strategic transactions in the hotel industry.