Financial restructuring of a hotel company

An analysis of a hotel transaction and lease-back

The client went through financial difficulties in the period 2010-14 during the tough financial crisis. The company, is one of the leading hotel operators in Costa del Sol, one of the main tourism destinations in Spain.

The company did a restructuring process that included different components: renegotiating current loans, selling the hotels and staying as operator with a lease contract and potentially acquire the loans with a financial partner that would then acquire the hotels, maintaining our client at the management of the asset.

Our firm was in charge of leading the second and third component of this project.