Keyword: Alua Hotels & Resorts
The 162-room Secrets Mallorca Villamil Resort & Spa is open in Mallorca, Spain.
ALG is looking to grow its European portfolio to 35 hotels and 10,000 rooms across the continent by 2021.
Following the deal’s closing, the three-year-old Spanish hotel chain will be integrated into ALG's European division.
Spain is perceived as “safe,” easily accessible and, compared to other resort markets, having one of the best infrastructures in Europe.
The global investment firm, along with Dunas Capital and Alua Hotels & Resorts, are behind the acquisition.