PwC has assisted Premia Properties in the acquisition and financing of a Spanish company owning a hotel complex in the Canary Islands, acquired from Airtours Resort Ownership España, S.L.U., a subsidiary of Nordic Leisure Travel Group (NLTG), for an approximate amount of €64 million.
This transaction marks Premia Properties’ entry into the Spanish market and its first investment in the residential and tourism sectors in the country.
PwC’s team acted as an integrated advisor, providing financial, tax, and legal due diligence, and supporting the negotiation and drafting of the SPA, the financing agreement, and its guarantees.
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