Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, has acquired a majority stake in BLUESEA Hotels (“BLUESEA” or “the Company”), a hospitality platform in Spain, in partnership with Portobello Capital, a leading independent mid-market private equity firm.
- BLUESEA owns and operates 25 hotels in popular tourist destinations
- Transformational value creation plan includes acquisitions and refurbishments
- Partners Group continues to build vertical depth in real estate sectors where it has thematic conviction, including hospitality
Headquartered in Palma de Mallorca, BLUESEA specializes in the three- to four-star hotel segment in Spain, operating a portfolio of 25 hotels with around 5,100 rooms. The hotels are located in popular tourist destinations, including the Balearic and Canary Islands, Costa Brava, Costa del Sol, and Madrid, and offer affordable all-inclusive holiday packages. Partners Group has thematic conviction in BLUESEA’s portfolio due to Spain’s enduring popularity as a holiday destination, the growth in affordable travel and related infrastructure, and increasing consumer purchasing power. More widely, the number of hotel rooms under construction is estimated to have fallen nearly 8.5% from a 2019 peak[1], with supply expected to remain muted for the next five years. This structural supply and demand imbalance should underpin strong revenue growth for asset owners and is a compelling long-term tailwind for the hospitality sector globally.
In line with its entrepreneurial governance approach, Partners Group will take a seat on BLUESEA’s board of directors. Alongside the management team and Portobello, Partners Group will oversee transformational value creation initiatives across BLUESEA’s portfolio, including the refurbishment of existing sites, the expansion of ancillary service offerings, operational efficiency improvements, and the acquisition of new hotels.
You can now read the full press release at the link below
