Watson Farley & Williams (“WFW”) advised Frasers Hospitality Holdings Pte Ltd (“Frasers Hospitality”) on the €35m sale of the Capri by Fraser Barcelona Aparthotel in central Barcelona, Spain, to All Iron RE I SOCIMI.
The 7,000m+ aparthotel 97 short and medium stay apartments are 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.
All Iron RE I SOCIMI is Spain’s leading real estate company in the alternative short- and medium-term accommodation sector. It has a portfolio of 19 real estate assets with a total of c.1,000 flats and around 300 hostel beds across Spain.
The WFW Madrid Corporate team that advised 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.
Gonzalo commented: “We are honoured to have worked on this landmark Spanish hospitality transaction, which showcases our M&A expertise”.
