Ilunion Expands with Palmanova Mallorca Acquisition
Deal News | Jun 23, 2025 | Iberian Lawyer
Chevez Ruiz Zamarripa has guided Ilunion Hotels through the acquisition of the Ilunion Palmanova Mallorca hotel, marking the company's second property in the Balearic Islands. This acquisition underlines Ilunion's commitment to expanding its hotel portfolio and is a core component of its Strategic Plan 2024-2027, which focuses on extending its network in significant tourist destinations. The advisory team at Chevez Ruiz Zamarripa included members from its Real Estate, Corporate/M&A, and Tax departments. The Roca Domenech law firm, led by Álvaro Domenech Ariza, also played a crucial role in advising in this transaction.
Sectors
- Hospitality
- Real Estate
- Legal Services
Geography
- Spain – The acquisition takes place in the Balearic Islands, Spain, where the hotel property is located.
- Mexico – Chevez Ruiz Zamarripa, a Mexican law firm, played a significant role in advising this transaction.
Industry
- Hospitality – The acquisition of a hotel property falls under the hospitality industry, highlighting the industry's continual growth and expansion.
- Real Estate – The transaction involves the acquisition of a real estate asset, a hotel property, emphasizing the industry's investment and development activities.
- Legal Services – Legal advisory firms Chevez Ruiz Zamarripa and Roca Domenech were involved in facilitating this transaction, representing law firms' critical role in M&A activities.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ilunion Hotels | Target company | Company | A hotel chain expanding its portfolio in notable destinations, specifically strengthening its presence in the Balearic Islands. |
| Chevez Ruiz Zamarripa | Legal Advisor | Company | A law firm advising Ilunion Hotels on their acquisition processes. |
| Roca Domenech | Legal Advisor | Company | Local law firm involved in advising roles for this transaction, led by Álvaro Domenech Ariza. |
| Álvaro Domenech Ariza | Lead Legal Advisor | Person | Led the Roca Domenech law firm's team advising on this acquisition. |