Funds managed and/or advised by Pictet buy Kimpton Hotel Aysla Mallorca, the first Kimpton-branded holiday hotel in Spain

Contacts

Stefanie Drescher
Group Communications Frankfurt
+49 69 23 805 73 1432
sdrescher@pictet.com

 

Isabelle Düblin
Group Communications Zurich
+41 58 323 7794
idueblin@pictet.com

The 5-star hotel, located in Santa Ponsa, will open in mid-2022 and will have 79 suites.

Funds managed and/or advised by Pictet Alternative Advisors, the alternative investment division of Switzerland-based Pictet Group, have acquired the Kimpton Aysla Mallorca, a 5-star hotel located in the municipality of Calviá, in the Balearic Islands. The transaction, concluded as a turnkey sale, has been structured through a joint venture with the current owner, in which Pictet has a majority stake.

 

“The Spanish hotel market is part of our investment focus, so we are pleased to have access to one of its main tourist destinations through a new-build asset, with very high levels of quality and sustainability, and from a leading international operator that is strongly committed to developing its Kimpton brand in Europe.”

— Pablo Granell Head of Real Estate for Spain and Portugal, Pictet Alternative Advisors

 

The Kimpton Aysla Mallorca, which is scheduled to open in mid-2022 after construction work has been completed, will be managed by Intercontinental Hotels Group under its luxury lifestyle brand Kimpton Hotels & Restaurants. The hotel will be the brand’s first resort hotel in Spain and the second in the country. Located in natural surroundings in the municipality of Calviá on a 21,840 m2 site next to the prestigious Santa Ponsa Golf Club and Santa Ponsa Tennis Club, the future Kimpton Aysla Mallorca will offer accommodation with spacious common areas, including 2 outdoor swimming pools and 1 indoor pool, a spa and wellness area, a gym, and meeting and convention rooms for events and first-class restaurants.

Colliers acted as strategic and financial advisor on the transaction.

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