Spain: Real estate investment manager ActivumSG has acquired Fairmont La Hacienda, a five-star luxurious hospitality asset in Spain’s Costa del Sol.
The newly developed lodge in San Roque was bought for €175 million (£152 million) from Spanish REIT Millenium Motels Actual Property (BME: YMHRE) on behalf of ActivumSG Fund VII.
Fairmont La Hacienda, which opened in February this 12 months, has 311 keys, all that includes seafront views. These are unfold throughout 213 lodge rooms and villas in addition to 98 keys throughout 42 luxurious branded residences obtainable on the market to 3rd get together house owners.
These residences profit from all of the providers and services of the Fairmont La Hacienda, and every function personal gardens, swimming swimming pools, and enormous terraces with sea views.
The property additionally features a 22,000 sq. ft spa, 4 swimming swimming pools, seven eating places and bars, three assembly and convention services, and two 18-golf programs.
ActivumSG mentioned that it’s dedicated to lowering the resort’s operational carbon footprint, by way of a constructing administration and waste discount system and 147 photo voltaic panels.
Saul Goldstein, founder and CEO, ActivumSG mentioned: “This transaction reflecs our continued conviction within the Spanish lodge sector, which is supported by long-established fundamentals which are additional strengthened by longer summer time seasons and altering journey patterns.
“Our exercise in Spanish accommodations, with an emphasis on the luxurious and comfort segments, is consistent with of our wider thematic concentrate on the European lodging sectors, protecting dwelling, hospitality and all the pieces in between, the place there’s a scarcity of institutional-quality product relative to investor demand.”
Highlights:
- ActivumSG has acquired Fairmont La Hacienda in Costa del Sol for £152 million.
- The five-star resort has opened in February 2025 with 311 seafront keys
- The acquisition has included 42 luxurious branded residences
- The resort has featured in depth facilities, together with a spa, 4 swimming pools, seven F&B venues, and two golf programs.
- ActivumSG has dedicated to decreasing the resort’s carbon footprint by way of photo voltaic vitality and waste discount techniques.
