WFW advises Frasers Hospitality on sale of Capri by Frasers Barcelona aparthotel
Watson Farley & Williams has advised Frasers Hospitality Holdings on the €35m sale of the Capri by Fraser Barcelona aparthotel, located in central Barcelona, Spain, to All Iron RE I Socimi.
The aparthotel spans over 7,000 m² and features 97 short- and medium-stay apartments. It is already operational with a valid license.
Frasers Hospitality is the hospitality arm of Frasers Property Group, a global hospitality investor-developer-manager of hotel residences, serviced apartments and premium rental apartments across Asia, Australia, Europe, the Middle East and Africa.
Meanwhile, All Iron RE I Socimi is Spain’s leading real estate company in the alternative short- and medium-term accommodation sector. Its portfolio includes 19 real estate assets, totaling approximately 1,000 apartments and around 300 hostel beds across Spain.
The Madrid Corporate team advising Frasers was led by M&A Partner Gonzalo Aranzabal, working closely with senior associate Héctor Suárez and associates Daniel Schaub and Jorge Rodríguez. Real Estate advice was provided by partner Pablo San Gil and senior associate Aránzazu Arizcun. They were supported by tax partner Luis Soto, Employment partner Victoria Truchuelo, and Regulatory senior associate Alejandro Martínez.
