Pérez-Llorca and DLA Piper on the Ibiza Corso acquisition by Blasson

Pérez-Llorca advised Blasson Property Investments, through its division Veltaro, on the acquisition of Ibiza Corso Hotel & Spa, located in Marina Botafoc in Ibiza (Balearic Islands). Arabella Hospitality España will assume management on 1 April 2026. DLA Piper advised the financing side on this transaction.

The transaction includes a comprehensive renovation with an investment of €40 million, aimed at repositioning the asset in the five-star segment. Following the refurbishment, the hotel will feature 154 rooms and suites, all with private terraces and views of the marina and the sea. The project will include a daytime restaurant, a lobby bar, a rooftop bar with a pool, and a pool area with a bar and solarium. The complex will also host the Lío Ibiza club, known for its entertainment and dining offering.

Hotel management will be taken over by Arabella Hospitality España, a subsidiary of Arabella Hospitality SE. After the renovation works, the reopening is scheduled for spring 2027 under the name Hotel Corso Puerto Ibiza, Autograph Collection, becoming part of the Marriott International brand portfolio.

Pérez-Llorca’s corporate team was led by partners Fausto Romero-Miura and Iciar de Lorenzo (both pictured above), with support from associates Patricia Alonso-Lamberti, Gumersindo Clemente, Marcos Mata and Ignacio de Benito, as well as legal advisors Camila Zubillaga and Águeda de Urquijo. The finance aspects were handled by partner Ildefonso Arenas, alongside associates María Ruiz-Gollury and Beatrice Lapi, while the tax team included partners José Azqueta and Yi Zhou, together with associate Ignacio González del Yerro.

On DLA Piper’s side, the advisors’ team was composed of César Herrero, Alberto Rubio and Ángel Monje on the finance team, and José María Oliva and Erlis Spahia on due diligence and real estate advisory.

Pictured below, César Herrero and Alberto Rubio.