Quonia advised by Cuatrecasas on MAB offering and hotel purchase

Cuatrecasas Gonçalves Pereira acted for Spanish real estate investment trust Quonia on its initial alternative equity market (MAB) offering and its purchase of Hotel Internacional.

Quonia debuted on the MAB at a reference price of €1.65 per share, with a company valuation of €42 million.

The company purchased Hotel Internacional from the Husa hotel chain for €11 million.

The Cuatrecasas team was led by partner José Luis Rodríguez and senior associate Maria José Víboras. Counsel Miguel Martí spearheaded the acquisition of Hotel Internacional, while partner Carlos Ferrer provided tax advice on both transactions.

Quonia has a portfolio of five buildings designated for residential and commercial use, with a total surface area of 12,200 m².