2023-04-25 17:00:18
Banca March has incorporated the company Morfeo Hoteles for the acquisition and management of hotel assets.
The social objective of Morfeo Hoteles is the “acquisition, possession, management and disposal of all kinds of shares, social participations, obligations, effects and values of companies”.
In addition, it will be in charge of the direction and control of the activities of investee companies and the provision of management support services.
The company, domiciled at the Madrid headquarters of the bank, has been registered with a capital of 60,000 euros. The sole partner is Banca March and David Nuevo Alfonso and Íñigo Damborenea Agorria appear as joint administrators.
Co-investment remains one of Banca March’s hallmarks. Clients invest together with group shareholders in both liquid and illiquid investments.
Banca March thus follows the steps of other banks that have also taken this initiative in the past. This is the case of Bankinter: the entity led by María Dolores Dancausa launched the Socimi Atom Hoteles together with Global Myner Advisors Capital Investment (GMA) in 2018.
Three years later, in 2021, Santander launched a fund together with Signal Capital to invest in real estate products in the hotel sector in southern Europe, mainly in Spain. The vehicle debuted in 2022 with the purchase of the Sheraton La Caleta Resort & Spa hotel in Costa Adeje (Tenerife) in a transaction that was around 80 million euros.
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