Selenta Group, owned by a Brookfield Asset Management fund, has finalized terms for the disposal of the Mare Nostrum Resort to the Spring Hotels chain for €430 million ($507 million).
In less than two years, the holiday complex has undergone a comprehensive refurbishment, rebranding and revenue optimization.
“The project to reposition Mare Nostrum has been a resounding success,” said Alberto Nin, managing director of Brookfield Real Estate. “Selenta has very efficiently carried out the transformation of the resort and optimized its operating model to achieve
RevPAR [Revenue per available room] growth of 91 percent more than the last 12 months. We are also confident that Spring, as the local operator, will provide the continuity and robustness required to consolidate this great project.”
Since Brookfield first invested in the Selenta Group in 2021, the group has embarked on investments of about €200 million ($236 million) and partnered with maj
