Cuatrecasas has advised CaixaBank on the financing agreement with Set Hotels for the acquisition of the Occidental Menorca Hotel, a transaction that will allow the hotel group to strengthen its presence on the island.
The financing, granted by CaixaBank on a bilateral basis, with the bank acting as structuring and coordinating entity of the transaction, represents a very important step for Set Hotels, as the incorporation of this asset forms part of the group’s growth strategy. For its part, the banking institution continues to consolidate its positioning and leadership in the Balearic Islands through this transaction.
The hotel, which will be renamed Seth Punta Prima, is a four-star property with 374 rooms, several restaurants, swimming pools, and facilities focused on leisure and sports.
The Cuatrecasas team involved in the transaction was led by Manuel Follia, together with lawyers Adriana Serra, Cristina Poy, and Carles Calzado, from the Finance group
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