Cuatrecasas advises CaixaBank on financing for Set Hotels to acquire Occidental Menorca Hotel and strengthen presence on island
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SubscribeCuatrecasas has advised CaixaBank on a financing agreement with Set Hotels to acquire the Occidental Menorca Hotel, a transaction that will allow the hotel group to strengthen its presence on the island.
The financing—that was granted by CaixaBank, acting bilaterally as the structuring and coordinating entity of the transaction—represents a significant step for Set Hotels, as the incorporation of this asset is part of the group’s growth strategy. The transaction also enables the bank to continue to consolidate its position and leadership in the Balearic Islands.
The hotel, which will be renamed Seth Punta Prima, is a four-star establishment with 374 rooms, several restaurants, swimming pools, and leisure and sports facilities.
The Cuatrecasas team involved in this transaction was led by lawyers Manuel Follia, along with lawyers Adriana Serra, Cristina Poy, and Carlos Calzado, from the Finance Practice.
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