Livingstone’s Consumer sector team has advised Guitart Hotels, a Spanish Hotel Chain, on the sale of the group’s five star Hotel Monterrey to an international investment fund focused on the management of corporate investments. The sale of the Guitart’s luxury Hotel Monterrey is part of the group’s strategy to focus on family tourism as well as on the development of products based on specific tourism segments such as sport, health and wellness, and business.
Headquartered in the Mediterranean coastal town of Lloret de Mar, Guitart Hotels is a hotel chain founded over 60 years ago with eight properties (three of which are four star hotels) located at various sites throughout Catalonia. Hotel Monterrey was acquired by the Guitart family in 2004 and it is currently the sole five star coastal hotel in an area that extends from Lloret de Mar to Marseille (France). Guitart Hotels’ future growth plan includes the strategic realignment of the other five three stars hotel establishments, improving service quality in order to upgrade to a higher rating.
Cristina Cabañas, CEO of Guitart Hotels, commented: “The Livingstone team made easy work of something which for us was quite difficult.”
Neil Collen, Partner of Livingstone, said: “We are delighted to have worked with Cristina and help the shareholders sell the Monterrey Hotel. This transaction will help the hotel chain focus on specific segments and contribute to reach the next stage of the company’s development.”