HESPERIA ACQUIRES MAJORITY STAKE IN LA MANGA CLUB

Hesperia Investment Group (GIHSA), headed by its president Jose Antonio Castro Sousa, has reached an agreement with Arum Group to acquire a majority stake of the luxury resort La Manga Club, with a total area comprising of 560 hectares with a privileged location in front of the Mar Menor and Mediterranean seas and adjacent to the nature reserve of Calblanque.

La Manga Club is a tourism and residential resort with a wide range of sports facilities which until recently belonged to Inmogolf, a company linked to Arum Group. Additionally, GIHSA will invest in the improvement of the complex in order to create the best leisure and sports resort in southern Europe.

Arum Group will continue to run the real estate business in La Manga Club through its subsidiary Inmogolf, with a great development potential due to the touristic appeal of its excellent location. Jesús Abellán, CEO of Arum Group, said: “Hesperia is the optimal partner to continue with this expansion project as this deal strengthens not only the resort’s further extension but also the development of the whole area, with a huge potential for residential tourism growth.”

A strategic deal for GIHSA

Since its opening in 1972, La Manga Club has gone through different development stages until becoming one of the most renowned leisure and sports resorts in Southern Europe. With this strategic deal GIHSA boosts its business activity in the premium resort business arena and brings its expansion plan a step further after initiating its new independent business plan at the end of last year.

Jordi Ferrer, CEO of GIHSA said: “This operation perfectly matches our growth strategy in the hotel market with quality assets that allow us to keep consolidating as a reference in the Spanish hotel industry and, in particular, this acquisition will allow us to create the best resort in South Europe.”

La Manga Club adds to Hesperia’s property and asset management portfolio comprising of more than 5,000 rooms owned, operated and managed by Hesperia; 29 hotels with six leisure resorts located in the Balearic Islands, Peninsula and Canary Islands, as well as 23 urban hotels situated in Spain’s main cities.

The resort becomes part of Hesperia Hotels & Resorts’ catalogue of leisure and sports facilities, which so far was focused on the Canary and Balearic Islands where it owns four resorts. Three of them are included in the strategic alliance with Apple Leisure Group (ALG). In this sense, GIHSA is considering the option of closing a commercial deal with an international operator for some of the hotels at La Manga Club. Ferrer added: “Our strategy consists in always looking for the best alternative for each hotel.”

La Manga Club’s five-star Hotel Príncipe Felipe comprises of 192 rooms with magnificent views over the North and South golf courses, as well as an outdoor pool, restaurants, bars and several meeting, conference and events rooms.

Aside from the hotel, there are 200 four-star apartments on the resort (Las Lomas Village) especially designed for families and sports teams, with common areas that include two pools as well as leisure zones and restaurants. Within Las Lomas Village is a 2,000sqm Wellness Centre with 13 treatment rooms, saunas, steam rooms, Jacuzzis, a High Performance Sports Centre, gym and a 25-metre indoor pool.

On the resort there is a golf academy, pitch and putt facility, a junior club and play area and a wide range of bars and restaurants which the guests of the Hotel Príncipe Felipe, Las Lomas Village and resort owners and residents all have access to, without forgetting the beautiful cove called La Cala on the Mediterranean side of the resort.