Christie Group PLC Sale of the Denia La Sella Golf Resort & SPA Hotel (0725F)
February 16 2018 - 2:00AM
UK Regulatory
TIDMCTG
RNS Number : 0725F
Christie Group PLC
15 February 2018
15 February 2018
Christie Group plc
("Christie Group" or the "Company")
Christie & Co brokers the sale of the Denia La Sella Golf
Resort & SPA Hotel
Christie Group plc (CTG.L), the leading provider of Professional
Business Services and Stock & Inventory Systems and Services to
the leisure, retail and care markets, is pleased to announce that
Christie & Co, its specialist provider of agency and advisory
services, has successfully brokered the sale of the Hotel Denia La
Sella Golf Resort & SPA, a 5-star hotel located in Denia, the
harbour city in the province of Alicante.
Christie & Co brought the hotel's purchase opportunity to
the market after the signature of a mandate on an exclusive basis
with the former ownership of the hotel (La Sella Group) and Amazona
Investments, a joint venture between two privately managed
investment funds.
The 5-star Hotel Denia La Sella Golf Resort & SPA, located
only 7 kilometres away from the centre of Denia, is one of the most
luxurious establishments in Alicante. The asset has 178 fully
equipped rooms and 8 suites, 2 restaurants (Asador Montgó and
Segaria Thai Restaurant) and 2 bars. It also has more than 1,400sqm
available for events, a spa and gym area, outdoor pool and an annex
golf course, which has also been acquired together with the
asset.
The hotel, previously known as Marriott La Sella Hotel, was
managed by the former owners under a franchise agreement with
Marriott Hotels International until December 2016.
The new owner of the asset is a vehicle managed by Alantra, a
specialised firm in financial advice and asset management whose
investors have seen the hotel as an opportunity of asset
repositioning, which will be managed on a rental basis by Gestión
de Activos Turísticos (GAT).
GAT has extensive experience in the hotel sector, managing
hotels in different national destinations (Hotel Cándido 4 * in
Segovia, Hotel Buenavista 5 * in Toledo).
Inmaculada Ranera, Managing Director for Christie & Co Spain
& Portugal, comments: "We are very proud to have been able to
complete the sale of this asset, whose complicated financial
situation has been a real challenge to bring this transaction to
success. This opportunity received great interest, both nationally
and internationally, given its exceptional characteristics."
Christie & Co report an active hotel transactions market in
Spain having advised on several hotels sales in Spain over the last
month, these include Bal Hotel & Spa in Villaviciosa and AC
Hotel by Marriott in Lleida.
Enquiries:
Christie Group plc
Inmaculada Ranera +34 93 343 6161
Managing Director - Christie & Co Spain & Portugal
David Rugg 020 7227 0707
Chairman & Chief Executive
Dan Prickett 020 7227 0700
Chief Operating Officer
Panmure Gordon (UK) Limited:
Dominic Morley / Charles Leigh-Pemberton 020 7886 2906
Nominated Adviser & Broker
Notes to Editors:
Christie Group plc, quoted on AIM, is a leading professional
business services group with 42 offices across the UK, Europe and
Canada, catering to its specialist markets in the leisure, retail
and care sectors.
Christie Group operates in two complementary business divisions:
Professional Business Services (PBS) and Stock & Inventory
Systems & Services (SISS). These divisions trade under the
brand names: PBS - Christie & Co, Pinders, Christie Finance and
Christie Insurance: SISS - Orridge, Venners and Vennersys.
Tracing its origins back to 1846, the Group has a long
established reputation for offering essential services to client
companies in agency, valuation services, investment, consultancy,
project management, multi-functional trading systems and online
ticketing services, stock audit and inventory management. The
diversity of these services provides a natural balance to the
Group's core agency business.
For more information, please go to www.christiegroup.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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