King & Wood Mallesons ("KWM") has advised Mazabi on the acquisition of the four-star Aragón Hill & Spa hotel, located in Sallent de Gállego, next to the Formigal-Panticosa ski resort, in the Aragonese Pyrenees.
The hotel complex has 10,339 m2 built, 157 rooms, several dining areas, 50 parking spaces and a Spa with an indoor pool. The transaction is part of the regeneration and unification plan of the four ski resorts in the Tena and Aragon valleys: Canfranc, Candanchú, Astún and Formigal-Panticosa.
The team of lawyers of KWM that has participated in this project has been led by the Real Estate partner José Antonio Calleja, and the counsel Candela Escribano.
Mazabi, founded in 2009 and owning assets of €250 million, currently manages €1.7 billion for 40 investment groups in 14 countries. After this operation, the company now adds 19 hotels to its portfolio.
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