ERSA Pro Stringer Magazine 6 - 2019 prostringer 6-2019 | Page 14

www.ersa-stringers.com INDUSTRY NEWS Hesperia Investment Group reaches an agreement to acquire award winning tourism, residential and sports resort La Manga Club The 560 hectare award winning resort –three times the size of Monaco- located in the Spanish region of Murcia, off ers some of the best views of the Mar Menor and Mediterranean seas as well as the Calblanque nature reserve. The resort includes a 5 star hotel, 200 apartments, over 15 bars and restaurants, a cove overlooking the Mediterranean Sea and a 2.000 sqm wellness centre. It also boasts three 18 hole championship golf courses , a 28 court tennis centre, 8 FIFA size football pitches and the European Cricket Per- formance Centre. Barcelona, 31st of July, 2019-. Hesperia Investment Group (GIHSA), headed by its president Jose Antonio Castro Sousa, has reached an agreement with Arum Group to acquire a majority stake of the luxury resort La Manga Club, with a total area comprising of 560 hectares with a privileged location in front of the Mar Menor and Mediterranean seas and adjacent to the nature reserve of Calblanque. La Manga Club is a tourism and residential resort with a wide range of sports facilities which until recently belonged to Inmogolf, a company linked to Arum Group. Additionally, GIHSA will invest in the improvement of the complex in order to create the best leisure and sports resort in Southern Europe. Arum Group will continue to run the real estate business in La Manga Club through its subsidiary Inmogolf, with a great development potential due to the touristic appeal of its excellent location. Jesús Abellán, CEO of Arum Group, points out that “Hesperia is the optimal partner to continue with this expansion project as this deal strengthens not only the resort’s further extension but also the development of the whole area, with a huge potential for residential tourism growth”. A strategic deal for GIHSA Since its opening in 1972, La Manga Club has gone through diff erent development stages until becoming one of the most renowned leisure and sports resorts in Southern Europe. With this strategic deal GIHSA boosts its business activity in the premium resort business arena and brings its expansion plan a step further after initiating its new independent business plan at the end of last year. According to Jordi Ferrer, CEO of GIHSA, “this operation perfectly matches our growth strategy in the hotel market with quality assets that allow us to keep consolidating as a reference in the Spanish hotel industry and in particular this acquisition will allow us to create the best resort in South Europe”. 14 ERSA PRO STRINGER // ISSUE 6-2019