The King & Wood Mallesons ("KWM") team has advised Atalaya, an Andbank investment fund managed by Navis Capital, on the purchase of the Lanzarote Beach Hotel, located on the island of Lanzarote. With this acquisition, the fund completes a holiday portfolio comprising four assets, with around one thousand rooms and a presence in the Canary Islands, the Balearic Islands and the Costa del Sol. The hotel will be managed by THB Hotels.
The KWM team of lawyers involved in this transaction has been led by partner and head of the Real Estate Law team José Antonio Calleja, and counsel Candela Escribano.
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