Atom Hotels signs a new lease agreement with Fergus Group for the Son Caliu Mar Hotel
Both groups reach an agreement for Fergus, under the FERGUS Hotels brand, to operate the Hotel Son Caliu Mar next season 2023 under the name FERGUS Club Palmanova Park
Atom Hotels, the first hotel SOCIMI in Spain with 29 hotels and more than 6,800 rooms, founded by GMA and Bankinter Investment, has announced the signing of a new lease agreement for the Hotel Son Caliu Mar, a 315-room, a 4-star hotel located in Calvià, Mallorca, with Fergus Group, a Mallorcan group with more than 10,000 beds.
The hotel will be leased by Fergus from November 2022, starting operations in the summer of 2023 under the Fergus Club brand, an all-inclusive family-oriented brand. The hotel was leased until now by Ibersol.
Ibersol and GMA (ATOM’s business manager) reached an agreement last July to terminate the resort’s contract amicably and close the new agreement with Fergus Group.
This is the second transaction that Fergus Group has closed with ATOM Hotels Socimi, which will allow it to manage more than 2,400 rooms in the municipality of Calvià. Atom Hoteles SOCIMI, also owns the 506-room Fergus Club Europa in Paguera, a leading resort in the area and the most essential holiday club in the south of the island.
The hotel will open under the name of FERGUS Club Palmanova Park, offering a full range of services adapted to the group’s quality standards: 3 swimming pools – one of which will be a Splash Pool, specially designed for children – 2 restaurants, 2 bars, Spa, sports areas, Game Zone, gym, meeting rooms and function rooms. In addition, the establishment will have a parking area and spacious gardens. For that purpose, GMA and Fergus are working on a comprehensive refurbishment project to be undertaken before the opening in 2023.
Víctor Martí, the founder of GMA, has declared: “This is an excellent operation for everyone, Ibersol brings forward its exit from the hotel, Fergus can manage an asset in a good location, which adapts to the characteristics to create the first Fergus Club of the group; while for Atom it means the possibility of expanding the line of business with an operator who knows the destination well and reaffirms in the area of Calvià, expanding the quality tourism offer specializing in the marketing of superior category accommodation and revaluing the asset significantly “.
Pep Cañellas, Sole Proprietor of Fergus Group, said, “We thank the SOCIMI Atom Hotels and GMA for their preference in selecting us once again as a partner in the task of repositioning and operating this asset. We have no doubt that we will repeat the success achieved at FERGUS Club Europa, another asset on which we are working together. FERGUS Club Palmanova Park will allow us, in addition to continuing to grow in size, to generate more value in our company and to continue to expand relationships with institutional owners such as Atom, with our customers and with our suppliers.”
About Bankinter
Bankinter is the fourth largest Spanish bank in terms of stock market value and the most solid in the Spanish financial system. Bankinter Investment, the Bank’s Investment Banking area, has promoted an important alternative investment platform that has become a benchmark in the Spanish market. In the last five years, it has successfully launched 16 alternative investment vehicles with committed capital of 3.2 billion euros, under the guidance of expert managers in various sectors.
Bankinter Investment has a portfolio of assets with a committed investment of nearly EUR 6,000 million, including project finance. For the management of the assets in all the vehicles it has followed the model of partnering with a company with expertise in each investment segment of each fund or SOCIMI, such as renewable energies, the hotel sector, the real estate sector, student residences, infrastructure, retail space, private equity and venture capital.
About GMA
GMA is an independent capital company specializing in the hotel sector and focused on investment, asset management and real estate projects.
GMA has a professional team with more than 30 years of experience in the national and international market. It has managed its own- and third-party investments, taking on different roles depending on the type of company and project, from identifying opportunities, structuring funds, buying and selling, management, co-investment, promotion, operation and divestment of assets.
In recent years, it has participated in more than 500 transactions and projects worth more than 5,000 million euros. It currently manages more than 1.1 billion euros in assets between all the companies in which it participates.
About Atom Hotels
It is the first hotel SOCIMI in Spain, an alternative investment vehicle specializing in the hotel sector, which was promoted by Bankinter in January 2018 together with the real estate asset manager GMA, and which, to date, after the two capital increases carried out, has attracted almost 800 shareholders.
Its strategy is based on building a portfolio of four- and five-star urban and holiday hotels in priority destinations, leased on long-term leases to national and international blue-chip operators and independent hoteliers.
Atom Hoteles SOCIMI’s portfolio currently consists of 29 assets, totalling 6,862 rooms, with an asset value of over ¤700 million.
About FERGUS Group
FERGUS Group is made up of 2 hotel chains, FERGUS Hotels and Tent Hotels, and currently has more than 10,000 beds. The group is 100% owned by the Mallorcan businessman Pep Cañellas, who has a young and highly professional management team headed by its general manager, Bernat Vicens. Both chains continue their expansion process by adding new units, both in destinations where they are already present and in new holiday resorts.
