PwC advises Premia Properties on €64m Canary Islands hotel acquisition
PwC has advised Premia Properties, a Greek Real Estate Investment company listed on the Athens Stock Exchange, on the financing and acquisition of a Spanish company that owns a hotel resort located in the Canary Islands. The asset was acquired from Airtours Resort Ownership España, a subsidiary of Nordic Leisure Travel Group (NLTG), for an approximate amount of €64 million.
This transaction marks Premia Properties’ first acquisition in Spain and represents its entry into both the residential and tourism real estate sectors of the Spanish market.
The PwC transaction legal team was led by Beltrán Gómez de Zayas (partner Banking & Finance – M&A, Madrid) and Pablo Villar Igartua (partner Tax – M&A, Madrid), supported by Emilio Aparicio Marina (senior manager), Alejandro Taboada Rodríguez (manager), and Guillermo Díez Delpón (senior associate).
The Due Diligence legal team was led by Gerardo García-Boente (partner Real Estate, Madrid) and Pablo Villar Igartua (partner Tax – M&A, Madrid).
