Stoneweg Hospitality (‘Stoneweg’), the hotel investment arm of global real estate company Stoneweg, has acquired two hotels in Spain from Globalia Business Corporation, the Spanish tourism group, for €83 million. The investments have been made through a variety of Stoneweg’s discretionary funds and increase the Company’s hospitality exposure by 25%, from 1,281 to 1,691 keys, as well as its weighting to the Balearic and Canary Islands to 62%, a region where record visitor numbers are forecasted in 2023.
14th July marked the opening of Marbella s hotly anticipated new property, Hard Rock Hotel Marbella, after a full renovation. The adults-only property will offer unique experiences through its state-of-the-art facilities and services, while reflecting the immersive music environment for which Hard Rock Hotels are known.The new property, acquired in June 2021 by Stoneweg and Bain Capital Credit, the real estate investment firm, and managed by Palladium Hotel Group, has been designed by international designers Studio Gronda. It will be Palladium Hotel Group s third Hard Rock Hotel operated and also the group s third hotel located in the Costa Del Sol.