Spanish hotel operator Gestión T3 has acquired the Hotel Hilton Sa Torre de Mallorca from administrators for nearly EUR 40 mln. The transaction price includes EUR 29 mln of debt provided by Spanish banks Banco Sabadell, Caixa de Catalunya and CAM, with the rest being financed through a capital increase.
Ares, Coima and MEAG are three investors which have closed multiple acquisitions in the last few weeks.
