Precise Hotels acquires 5-star Hotel El Rompido, Spain

COSTA DE LA LUZ, SPAIN Acting on behalf of Spain chain Set Hotels, Christie + Co. has sold the freehold of the 5-star Hotel El Rompido Golf on the west coast of Huelva, Spain, to Berlin-based Precise Hotels Collection. Terms of the sale have not been disclosed.

The 184-key El Rompido is a 5-star property located in El Rompido Golf & Beach Resort in Costa de la Luz. The business opened in 2003.

Along with a 36-hole golf course and other sport areas, the hotel benefits from extensive health and beauty facilities including an outdoor pool, spa area, Jacuzzi and salon. Other facilities include a buffet restaurant, lobby bar, poolside bar, supermarket and two conference rooms.

Precise Hotels Collection has also been secured to manage the adjoining Marismas Club, a 4-star aparthotel with 185 units. This marks Precise’s debut in the Spain hotel market; the company also operates 10 hotels in Germany. Spain is a main target for expansion for Precise, CEO Ron Ben Haim says.

Inmaculada Ranera, managing director for  Spain and Portugal at Christie + Co., calls the transaction “landmark” in that it only took four months. “As trading performances continue to improve across Spain, the demand for such assets will continue to grow,” Ranera says. “By channeling this investor interest through a proper sales process, successful outcomes such as this can be achieved.”

Founded in 1995, Set Hotels, which is based in Menorca, Spain, operates five other hotels in the region.