Lener has advised MG5, a fund managed by JC Marlin Capital, on the acquisition of approximately €22 million in debt linked to several hotel assets owned by Guitart Hotels on the Costa Brava. The transaction, named “Project Red Bay”, ranks among the largest hotel debt deals completed in Spain so far in 2026 and is one of the most significant transactions carried out on the Catalan coast.
The transaction was led by Lener’s Corporate/Restructuring department under the direction of partner Eduardo Córdoba, with the participation of Ángela Vázquez and Jesús Redondo, members of the same team.
The debt acquired by MG5 is primarily linked to hotel assets located in Lloret de Mar and other strategic locations along the Costa Brava. Among the establishments associated with this financing are some of the flagship assets of the Guitart Hotels family group, including the Guitart Central Park Aqua Resort, a four-star hotel with 475 rooms, and the Guitart Rosa, a recently refurbished adults-only hotel located just 200 meters from the beach in Lloret de Mar.
Guitart Hotels maintains a strong historical presence on the Costa Brava and also owns assets in Barcelona, such as the Gran Passage hotel on Muntaner Street, as well as properties in La Molina (Girona).
The transaction was executed through the MG5 fund, the investment vehicle through which JC Marlin Capital is pursuing a strategy focused on acquiring secured debt, particularly within the hospitality sector. The asset manager considers this segment one of the most attractive in the market due to the structural strength of tourism, the recovery in room rates, and the recapitalization opportunities currently available.
MG5 currently has close to €100 million in investment capacity, backed by several Spanish family offices and institutional investors from the United Arab Emirates. As part of this strategy, the fund has strengthened its commitment to the Costa Brava and the Maresme region, where it has already participated in several transactions backed by tourism-related assets.
In addition to Lener, the transaction received legal advice from the real estate team at Cases & Lacambra, led by Marta González-Llera, while the litigation aspects were handled by Alelve Asociados under the leadership of partner Itziar Ventura. The seller was advised by Cuatrecasas.
cloud technology axon
Stolt Sea Farm’s Philstop project, co-financed by CDTI Innovación a...
