Funds managed and/or advised by Pictet Alternative Advisors, the alternative investment division of Switzerland-based Pictet Group, have acquired the Kimpton Aysla Mallorca, a 5-star hotel located in the municipality of Calviá, in the Balearic Islands. The transaction, concluded as a turnkey sale, has been structured through a joint venture with the current owner, in which Pictet has a majority stake.
“The Spanish hotel market is part of our investment focus, so we are pleased to have access to one of its main tourist destinations through a new-build asset, with very high levels of quality and sustainability, and from a leading international operator that is strongly committed to developing its Kimpton brand in Europe.”
The Kimpton Aysla Mallorca, which is scheduled to open in mid-2022 after construction work has been completed, will be managed by Intercontinental Hotels Group under its luxury lifestyle brand Kimpton Hotels & Restaurants. The hotel will be the brand’s first resort hotel in Spain and the second in the country. Located in natural surroundings in the municipality of Calviá on a 21,840 m2 site next to the prestigious Santa Ponsa Golf Club and Santa Ponsa Tennis Club, the future Kimpton Aysla Mallorca will offer accommodation with spacious common areas, including 2 outdoor swimming pools and 1 indoor pool, a spa and wellness area, a gym, and meeting and convention rooms for events and first-class restaurants.
Colliers acted as strategic and financial advisor on the transaction.