Partners Group Acquires BLUESEA Hotels

Partners Group, acting on behalf of its clients, has acquired a majority stake in BLUESEA Hotels, a Spanish hospitality platform, alongside Portobello Capital. BLUESEA operates 25 hotels with around 5,100 rooms in popular tourist spots like the Balearic and Canary Islands, Costa Brava, Costa del Sol, and Madrid. These hotels specialize in affordable all-inclusive packages. Partners Group plans to implement a value creation strategy, including refurbishments, operational enhancements, and strategic acquisitions, within the three- to four-star hotel sector, which dominates the Spanish hospitality market.

The acquisition aligns with Partners Group's aim to expand its global hospitality portfolio, leveraging the ongoing growth in travel demand and constraints in new hotel developments. This strategy reflects the firm's transformational investment focus, as evidenced by previous investments in U.S., France, Australia, and other locations. Partners Group's research highlights benefits from the recovery of tourism and business travel, and a preference for experiential spending.