HFF Announces €110MM Financing for the Acquisition and Redevelopment of Ikos Andalusia in Costa del Sol, Spain
March 19 2018 - 4:17PM
Business Wire
HFF Real Estate Limited (HFF) announces the €110 million first
mortgage financing for the acquisition and redevelopment of Ikos
Andalusia, a 400-key, luxury seafront resort in Andalusia’s coastal
area of Estepona, Spain.
The HFF team worked on behalf of the borrower, Ikos
International, to place the five-year, floating-rate loan with
Starwood European Finance Partners Limited, an affiliate of
Starwood Capital Group. Loan proceeds will be used to acquire an
existing hotel and institute a property improvement plan that
includes reconstructing and refurbishing all existing hotel rooms,
enhancing the arrival and lobby experience, expanding and
repurposing the public spaces and rebranding the asset to the
Infinite Lifestyle concept of the Ikos Resorts brand.
Created only three years ago, Ikos Resorts is an innovative
owner-operator of luxury all-inclusive resorts throughout the
Mediterranean that currently manages two operating properties in
Greece with two others being delivered in May 2018 and May 2019,
respectively. Ikos Resorts’ existing properties, Ikos Oceania and
Ikos Olivia, have been ranked No. 1 and No. 3 best all-inclusive
resorts in the world in 2017 according to TripAdvisor and are also
ranked as the top two all-inclusive resorts in the Mediterranean.
Ikos Andalusia, which will be the fifth hotel within the Ikos
Resorts’ platform, is the venture’s inaugural resort in Spain.
The HFF debt placement team representing the borrower included
director Brad Greenway and managing director Edward Daubeney.
“As HFF continues to strategically grow our platform across
Western Europe with the completion of our first transaction in the
Spanish market, we have been fortunate to work in partnership with
best-in-class owners and operators of commercial real estate,”
Greenway said.
“Ikos Resorts are market leaders within the hospitality space in
Europe, and HFF is very excited to be a part of their continued
global growth,” Daubeney added.
“HFF has supported us very effectively at a decisive moment in
our development,” said Andreas Andreadis and Mathieu Guillemin,
managing partners of Ikos International. “They have assisted us in
raising competitive and flexible financing with Starwood whom we
believe will be a strong long-term partner throughout our future
developments.”
IKOS INTERNATIONAL
Ikos International, established in 2018, by main shareholders
Andreas Andreadis, Mathieu Guillemin, Oaktree Capital Management
LP, Goldman Sachs Asset Management, Hermes GPE and two family
offices has responsibility for the international expansion of Ikos
Resorts, a leading European luxury hospitality company with in
excess of 1,800 rooms being owned and operated or under
development, recognized with multiple international travel awards
and accolades, such as the World's Best All-Inclusive by Trip
Advisor’s Travellers Choice awards.
About HFF
HFF and its affiliates operate out of 26 offices and are a
leading provider of commercial real estate and capital markets
services to the global commercial real estate industry. HFF,
together with its affiliates, offers clients a fully integrated
capital markets platform, including debt placement, investment
advisory, equity placement, funds marketing, M&A and corporate
advisory, loan sales and loan servicing. HFF, HFF Real Estate
Limited, HFF Securities L.P. and HFF Securities Limited are owned
by HFF, Inc. (NYSE: HF). For more information, please visit
hfflp.com or follow HFF on Twitter @HFF.
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version on businesswire.com: https://www.businesswire.com/news/home/20180319006162/en/
HFFBrad Greenway, 44-020 7509 6700HFF
Directorbgreenway@hfflp.comorEdward Daubeney, 44-020 7509
6700HFF Managing Directoredaubeney@hfflp.comorKimberly
Steele, (713) 852-3420HFF Digital Content/Public Relations
Specialistksteele@hfflp.com
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