Explorer Investments expands portfolio with Douro hotel acquisition
Deal News | Jan 30, 2025 | Iberian Lawyer
Explorer Investments, a prominent private equity firm, has successfully concluded its acquisition of two luxury hotels in the Douro region of Portugal—the Douro Royal Valley Hotel & SPA and the Douro Palace Hotel Resort & SPA. This acquisition marks the inaugural investment for their newly-formed Hospitality I Fund, designed to bolster and streamline the hospitality sector within Portugal. The acquisition has been facilitated by CCSL Advogados, a renowned legal firm, through a multidisciplinary team led primarily by Rita Rendeiro and Frederico Felix Alves. The strategic aim of Explorer Investments through the Hospitality I Fund is to effectively manage and enhance the performance of hospitality assets by focusing on value generation through strategic repositioning and by fostering synergies while promoting sustainable growth. The purchase encapsulates Explorer's strategy to appeal to a global clientele, reinforcing their standing in the hospitality space. The deal includes the full acquisition of JASE Empreendimentos Turísticos, the entity responsible for managing both prestigious hotels.
Sectors
- Private Equity
- Hospitality
- Legal Services
Geography
- Portugal – The hotels acquired by Explorer Investments and the advisory services rendered by CCSL Advogados are both situated and conducted within Portugal, emphasizing the geographical focus.
Industry
- Private Equity – The acquisition was carried out by Explorer Investments, a private equity firm, forming part of its strategy to expand and consolidate its portfolio in the hospitality sector.
- Hospitality – The acquisition of two hotels with strategic value enhancement initiatives highlights the article's focus on the hospitality industry.
- Legal Services – CCSL Advogados provided legal advisory services for the acquisition, showcasing the involvement of the legal services sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Explorer Investments | Buyer | Company | A private equity firm focusing on strategic acquisitions in various sectors, notably hospitality. |
| Douro Royal Valley Hotel & SPA | Target Company | Company | A five-star hotel in the Douro region, part of the acquisition by Explorer Investments. |
| Douro Palace Hotel Resort & SPA | Target Company | Company | A four-star hotel in the Douro region, part of the acquisition by Explorer Investments. |
| JASE Empreendimentos Turísticos | Target Company Owner | Company | The company that owns and operates the Douro Royal Valley Hotel & SPA and the Douro Palace Hotel Resort & SPA. |
| CCSL Advogados | Legal Advisor | Company | A law firm providing legal counsel to Explorer Investments during the acquisition process. |
| Rita Rendeiro | Finance Practice Coordinator | Person | Partner at CCSL Advogados, leading the financial legal advisory services for the deal. |
| Frederico Felix Alves | Corporate Practice Coordinator | Person | Of Counsel at CCSL Advogados, playing a key role in advising on the corporate aspects of the acquisition. |