Spring Hotels acquires the Mare Nostrum resort from Brookfield for €430 million: Advisors

Spring Hotels has completed the purchase of the Mare Nostrum hotel complex, located in the south of the island of Tenerife, for €430 million. The transaction, one of the most significant in the Spanish tourism sector in 2025, strengthens the hotel group’s position in the high-end holiday segment.

The resort, owned by Brookfield since 2021, was part of a portfolio that included three other hotel assets. Since its acquisition, the complex has undergone a comprehensive refurbishment with an estimated investment of €56 million.

Mare Nostrum comprises three hotels with a total of more than 1,000 rooms – two five-star and one four-star – as well as a beach club on the seafront, a conference centre and a range of dining options including a Hard Rock Café franchise.

Advisors

KPMG Abogados advised Spring Hotels on the legal, tax and labour due diligence process, as well as providing legal advice on the financing and sale of the asset. The transaction was led by Legal Canarias partner Enrique Núñez, together with the M&A and Regulatory team formed by Guacimara Marrero, Álvaro López, Luis González, Marta Chirino, María Pulido, Alba Bermúdez, Jesús Pérez and Jack Viamonte.

On the tax side, the advice was led by Fiscal Canarias partner Jaime Sanz, together with his team consisting of Ignacio Rodríguez, Maica López, Rubén Rodríguez, Juan Carlos Naranjo and José Luis Ramos. Ramón Mouriño and Marta García participated in the labour area.

Pérez-Llorca advised Brookfield with a multidisciplinary team led by Corporate/Real Estate partner Alejandro Osma and comprising Patricia Alonso-Lamberti, Aurora Vázquez, Diego Narbona and Eduardo Castilla.

In the area of financing, Banking & Finance partner Isabel Villa and África Rodríguez participated. In tax matters, the team was made up of partner José Azqueta, Yi Zhou and Daniel Encinas. Finally, in the area of employment law, partner Isabel Moya and Eva Láuzara provided advice.