Pinsent Masons advises Atalaya on hotel sale
Pinsent Masons has advised Atalaya Hotel Fund on the sale of Hotel Bamboo Alcudia, a four-star property with 208 rooms in Alcudia, Mallorca. Atalaya is the hotel investment platform of Actyus Private Equity, a fund promoted and backed by the Andbank Group to channel private banking investment opportunities. Calena Partners acquired the asset.
The hotel was fully refurbished in 2023 and is located in the Balearic Islands. The sale is Atalaya’s second divestment since the platform was launched. It forms part of the platform’s investment and asset rotation strategy. Atalaya has invested to date in several hotels across the Costa del Sol, the Balearic Islands and the Canary Islands.
For Calena Partners, the purchase is its fourth hotel investmen. It increases the company’s presence in the Balearic Islands and brings its portfolio to approximately 1,100 rooms.
Advisory team
The Pinsent Masons team was led by Corporate/M&A partner Antonio Sánchez Montero, with the assistance of Alejandro Mas Deudero and Arancha Carrión Ibarrondo. The multidisciplinary team also included Real Estate partners Patricia Pérez Lago and José Luis García-Manso, Tax partner Gonzalo Gil Suárez, assisted by Isabel Elena Wimmer, and Employment partner Belén Lavandera.
