Dentons advises Banco Sabadell on hotel portfolio financing
Dentons has advised Banco Sabadell on the financing granted to Calena Partners for the acquisition of a portfolio of three hotels in Spain, located in the Balearic and Canary Islands. The transaction underscores continued investor appetite for Spain’s hospitality and real estate markets.
Deal details
The portfolio comprises Hotel Barceló Ponent Beach, Hotel Fergus Style Tobago and Hotel Corallium Beach by Lopesan Hotels. Calena Partners, a hospitality-focused investment firm, acquired the assets as part of its ongoing investment strategy in the Spanish hotel sector. The financing was structured through a long-term facilities agreement comprising a mortgage tranche and a corporate tranche. Dentons advised Banco Sabadell on the structuring, drafting and negotiation of the financing and the related security package.
Dentons team
The Dentons team was led by finance partner Luis Belart, with support from counsel Ignacio Fernández and junior associate María Morales.
