King & Wood Mallesons advises on the purchase of Hotel Aragón Hills & Spa in Formigal
King & Wood Mallesons (KWM) has advised Mazabi in the acquisition of the four-star Hotel Aragón Hill & Spa, located in Sallent de Gállego, very close to the ski resort of Formigal-Panticosa, in the Aragonese Pyrenees.
The team of lawyers of KWM that has participated in this project has been led by the real estate law partner José Antonio Calleja, and the counsel Candela Escribano.
The hotel complex has 10,339 m2 of floor space, 157 rooms, several restaurant areas, 50 parking spaces and a spa with an indoor swimming pool. The operation is part of the regeneration and unification plan of the four ski resorts in the Tena and Aragón valleys: Canfranc, Candanchú, Astún and Formigal-Panticosa.
Mazabi, founded in 2009 with assets of 250 million euros, currently manages around 1,700 million for 40 investment groups in 14 countries. After this transaction, the company now has 19 hotels in its portfolio.