Winner of Debt Advisor of the Year in the Real Estate Capital 2017 Awards London:
  • Finance:

    Ibiza Hotel Development

  • Loan Amount:

    €50m

  • Year:

    2017

  • Client:

    Private Hotel Group

  • A private hotel group instructed BBS to arrange a €50m facility to part fund the acquisition and redevelopment of an existing apart-hotel located in a rapidly improving area in Ibiza.
  • The 198 key 7 storey hotel was purchased off market from a private vendor and will be redeveloped into a luxury branded resort and beach club over the next 2 years.
  • The challenges arranging development finance on a small island are numerous and we need to source finance from a lender that could work with the sponsor and the constraints of the location.
  • The deal required swift execution to enable the client to begin the first stage of the development immediately as there is a small window of opportunity to carry out works outside of the tourist season.
  • See “Press” section of our website for further details.