Christie Group’s advisory business, Christie & Co, has advised on a cross-border hotel sale in Mallorca, which appears to be a feather in the cap amid a changeable market.
The firm ranked as the most active hotel broking agent in the UK and the eurozone by transaction volume last year.
The company said it had advised the Austrian developer JP Immobilien on the sale of the 114-room Bikini Island & Mountain Port de Sóller hotel to Amundi Real Estate Italia, part of one of Europe’s largest asset managers.
The deal followed a targeted marketing process that drew interest from international investors.
Christie & Co said the transaction reflected growing institutional appetite for premium resort hotels in destinations with strong tourism and limited scope for new development.
Dan Prickett, Chief Executive of Christie Group plc, comments: “We are delighted to have supported JP Immobilien on this landmark transaction, which demonstrates Christie & Co’s ability to attract and connect major institutional investors with high-quality hospitality assets across Europe.
“The growing institutional interest in premium leisure destinations presents attractive opportunities for our business, and this transaction further reinforces the strength of our international network and the specialist expertise we provide to clients.”