DLA Piper has advised ARD Investment & Development (ARD-ID) on the financing, corporate structuring, and commercial agreements — including the necessary management agreements — for the acquisition of Hotel Cascais Miragem, one of the most iconic assets in the Portuguese hospitality sector.
This deal ranks among the most significant real estate transactions of the year, with an investment exceeding €200 million.
Almudena Comin, Counsel and Head of the Hospitality group in Spain, commented: “This transaction highlights the strong momentum of the hospitality sector in Southern Europe and reflects the kind of cross-border complexity where our team’s integrated approach truly adds value.”
João Bento, Partner in the Corporate and Finance department in Portugal, added: “The successful completion of this deal, through close collaboration between our teams in Portugal and Spain, demonstrates DLA Piper’s ability to deliver added value to our clients in complex, multijurisdictional transactions, leveraging the expertise of an integrated team with global reach. It has been a privilege to advise ARD-ID on the financing of such an iconic asset and to contribute to its strategic expansion in the Iberian Peninsula.”
The multidisciplinary Iberian team was led by João Bento in Portugal and Almudena Comin in Spain, and included professionals from the Corporate M&A, Finance, and Tax practices: Rocío Smith and Mariano Renedo from the Madrid office; and Stéphanie Sá Silva, Ana Carvalho, Mariana Melo Pinto, Ana Carolina Fernandes, and Salvador Beirão da Veiga from the Lisbon office.
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