Spring Hotels Seals Tenerife Deal Acquiring Mare Nostrum Resort from Brookfield

Deal News | Jul 03, 2025 | Iberian Lawyer

Spring Hotels Seals Tenerife Deal Acquiring Mare Nostrum Resort from Brookfield

Spring Hotels has completed the acquisition of the Mare Nostrum hotel complex in Tenerife from Brookfield for €430 million. The purchase is a pivotal transaction in the Spanish tourism sector, enhancing Spring Hotels’ footprint in the high-end market. Brookfield, the seller, had owned Mare Nostrum since 2021, during which time the resort underwent significant refurbishment, costing around €56 million. The resort includes three hotels with over 1,000 rooms, ranging from four to five stars, along with various luxury amenities. Legal and financial advisory to Spring Hotels was provided by KPMG Abogados, with specific responsibilities divided among their legal, tax, and labor teams. Brookfield was advised by Prez-Llorca, whose teams covered corporate, real estate, finance, and employment law aspects of the deal.

Sectors

  • Hospitality & Tourism
  • Legal and Advisory Services

Geography

  • Spain – The transaction involves a major hotel complex located in Tenerife, part of Spain, and is significant in the Spanish tourism sector.

Industry

  • Hospitality & Tourism – The article involves the acquisition of a hotel complex, the Mare Nostrum resort, situated in Tenerife, a significant aspect of the tourism and hospitality industry.
  • Legal and Advisory Services – KPMG Abogados and Prez-Llorca provided advisory services in the transaction, a key aspect of the legal and advisory industry.

Financials

  • €430 million – The purchase price for the Mare Nostrum resort paid by Spring Hotels to Brookfield.
  • €56 million – The amount invested by Brookfield in refurbishing the Mare Nostrum resort prior to its sale.

Participants

NameRoleTypeDescription
Spring HotelsBidding Company/BuyerCompanyThe hotel group that purchased the Mare Nostrum resort to strengthen its position in the high-end holiday segment.
BrookfieldSelling Company/VendorCompanyThe previous owner of the Mare Nostrum resort, selling the asset to Spring Hotels.
KPMG AbogadosLegal and Financial AdvisorCompanyProvided legal, tax, and labor due diligence as well as financial advisory to Spring Hotels for the acquisition.
Prez-LlorcaLegal AdvisorCompanyProvided multidisciplinary legal advice to Brookfield, covering corporate, real estate, finance, and employment law.