Hotusa Acquires Italian Hotels with COFIDES Support
Deal News | May 21, 2025 | Cia Espanola de Financiacion d
Grupo Hotusa, a prominent Spanish hotel chain, is strengthening its presence in Italy with the help of financing from COFIDES, a Spanish state-owned financial firm. This expansion involves the acquisition of Orsa SRL and the Eurostars Centrale Palace hotel, an investment supported by two COFIDES loans totaling €15.4 million. This endeavor aligns with Hotusa's international expansion strategy, reinforcing its stronghold in Italy, where it currently operates several hotels. COFIDES' support, through its Fund for Foreign Investment (FIEX), emphasizes the strategic internationalization of Spanish businesses and highlights a significant step for Grupo Hotusa in solidifying its brand and expanding its market reach abroad. Grupo Hotusa is a globally recognized entity in the tourism sector with extensive operations across numerous countries.
Sectors
- Hospitality & Tourism
- Financial Services
Geography
- Spain – COFIDES is a Spanish financial services firm, and Grupo Hotusa is a leading Spanish hotel chain.
- Italy – The article details Grupo Hotusa's expansion in Italy through the acquisition of hotel properties.
Industry
- Hospitality & Tourism – The article discusses the expansion of a hotel chain and investments in the tourism industry.
- Financial Services – The involvement of COFIDES, a financial services entity providing the funding for international expansion.
Financials
- 3.6 million euros – First COFIDES loan for financing Grupo Hotusa's acquisitions in Italy.
- 11.8 million euros – Second COFIDES loan for financing Grupo Hotusa's acquisitions in Italy.
- 5.2 million euros – Total investment for the acquisition of Orsa SRL by Grupo Hotusa.
- 16.9 million euros – Total investment for the acquisition of Eurostars Centrale Palace hotel.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grupo Hotusa | Target | Company | A Spanish hotel chain expanding its international presence, acquiring hotel properties in Italy. |
| COFIDES | Funding Provider | Company | A Spanish state-owned financial company that provides funding for the internationalization of Spanish businesses. |
| Orsa SRL | Selling Company | Company | An operator and owner of the Crisol Europa Palermo hotel in Italy, acquired by Grupo Hotusa. |