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Spain: Real estate investment manager ActivumSG has acquired Fairmont La Hacienda, a five-star luxury hospitality asset in Spain’s Costa del Sol.
The newly developed hotel in San Roque was purchased for €175 million (£152 million) from Spanish REIT Millenium Hotels Real Estate (BME: YMHRE) on behalf of ActivumSG Fund VII.
Fairmont La Hacienda, which opened in February this year, has 311 keys, all featuring seafront views. These are spread across 213 hotel rooms and villas as well as 98 keys across 42 luxury branded residences available for sale to third party owners.
These residences benefit from all the services and facilities of the Fairmont La Hacienda, and each feature private gardens, swimming pools, and large terraces with sea views.
The property also includes a 22,000 square feet spa, four swimming pools, seven restaurants and bars, three meeting and conference facilities, and two 18-golf courses.
ActivumSG said that it is committed to reducing the resort’s operational carbon footprint, through a building management and waste reduction system and 147 solar panels.
Saul Goldstein, founder and CEO, ActivumSG said: “This transaction reflecs our continued conviction in the Spanish hotel sector, which is supported by long-established fundamentals that are further strengthened by longer summer seasons and changing travel patterns.
“Our activity in Spanish hotels, with an emphasis on the luxury and convenience segments, is in line with of our wider thematic focus on the European accommodation sectors, covering living, hospitality and everything in between, where there is a shortage of institutional-quality product relative to investor demand.”
Highlights:
- ActivumSG has acquired Fairmont La Hacienda in Costa del Sol for £152 million.
- The five-star resort has opened in February 2025 with 311 seafront keys
- The acquisition has included 42 luxury branded residences
- The resort has featured extensive amenities, including a spa, four pools, seven F&B venues, and two golf courses.
- ActivumSG has committed to lowering the resort’s carbon footprint through solar energy and waste reduction systems.
