Carlton Group Spain Closes Investment Sale On Major Extended-Stay Apartment Complex In Costa del Sol, Spain
January 22, 2017
Carlton Group Spain Has Closed Another Major Investment Sale Transaction
Carlton Chairman Howard L. Michaels is pleased to announce that Carlton Group Spain has closed another major investment sale transaction which consisted of a large complex of tourist apartments located in Estopana, in the Costa del Sol region of Spain
Carlton acted as the exclusive financial and real estate advisor to one of the most respected and largest residential developers in Spain who is owned by a prestigious private equity investment firm.
This extended-stay hotel and apartment asset is more than 600,000 sf and is comprised of 430 tourist apartments fully equipped and furnished and also has a large parking lot, storage room and 12 retail stores. The transaction was completed in record time considering the complexity of the asset. Moreover, the private equity investment firm owner had a high basis in this asset which necessitated Carlton to facilitate premium pricing for this asset.
The property was sold to an international balance-sheet private equity investor and, aside from accessing the buyer, Carlton provided strategic advice to the seller including sourcing debt finance options for the buyer and accessing a major management company to operate and partner with the purchaser which facilitated completion of this extraordinary transaction.
In addition, Carlton Group Spain utilizes Carlton’s international balance-sheet debt and equity relationships allowing us to provide creative, multi-tranche often high leverage finance solutions to our clients who are seeking either to recap, refinance or acquire assets. Carlton also has a stated expertise in arranging billions of dollars of capital for construction and transitional assets.
We encourage you to contact the undersigned to discuss how Carlton Group Europe can assist you with your investment sale and debt and equity needs and register at https://carltongroup.com/investor-registration/.
Howard L. Michaels Javier Beltran
Chairman CEO – Spain & Portugal
hlm@carltongroup.local jbeltran@carltongroup.local
(212) 716-5607 +34 91 290-3211
