The Fairmont La Hacienda Costa del Sol resort, open since February, is set to change ownership. REIT Millenium Hospitality has confirmed to BME Growth that it has signed a sale contract with real estate manager ASG Homes (Activum SG) for €175 million, with the final price expected to be around €170 million.
Fairmont La Hacienda Costa del Sol is a five-star hotel, the only one of its kind in Spain, situated between the towns of San Roque and La Línea de la Concepción in Cádiz, just a few kilometres from Sotogrande. It offers stunning sea views and direct access to La Alcaidesa beach. The resort is approximately 30 minutes from Marbella and 20 minutes from Gibraltar Airport, featuring over 213 rooms and suites, 47 private villas, a golf course and amenities including a spa and wellness area.
According to the statement issued by the REIT, "the Board of Directors has unanimously approved the formalisation of a purchase agreement for the sale and transfer of all the shares of Alcaidesa Holding and the shares of MHRE San Roque, companies that own the Fairmont La Hacienda hotel complex and the golf courses known as 'La Hacienda Links Golf Resort.'"
The transaction, for which the contract was formalised on 16 June, must still be approved at the REIT's Extraordinary General Shareholders' Meeting convened for this purpose on 16 July. The transaction is expected to close within 10 days of the General Shareholders' Meeting approval and, in any case, before the contractual deadline of 31 July 2025, the statement adds.
Additionally, the purchase price will be paid in full on the transaction's closing date, at which time it will be adjusted according to the balance sheet situation on that date. The final price after adjustments is estimated to be €170.16 million.
Dividend distribution and positive accounting impact
Millenium Hospitality Real Estate states that the sale will generate an estimated positive accounting effect of €6.73 million on its accounts. It will also strengthen the defensive nature of its portfolio, provide liquidity to shareholders, and offer sufficient investment capacity to continue expanding in fully consolidated luxury and ultra-luxury tourist areas.
Additionally, the Board of Directors has agreed to propose the distribution of a dividend charged to the company’s share premium amounting to €167.5 million, at a rate of €1.44 per share, subject to approval at the shareholders’ meeting scheduled in one month.
First-class dining and contemporary design
The resort blends contemporary design, Andalusian traditions and personalised experiences to become one of Spain’s most iconic tourist destinations. This visionary project was created by the Spanish studio daar Arquitectura.
It boasts five restaurants, including the flagship led by two-Michelin-starred chef Benito Gómez. More casual dining options include a poolside bistro and a beach club featuring live DJs and a menu that highlights traditional dishes.
The resort’s 1,800 m² spa is one of its standout features. With views overlooking the Mediterranean and the Andalusian mountains, it offers holistic treatments, hydrotherapy, a hammam and a fitness centre dedicated to wellness.
In addition, the resort provides access to two prestigious golf courses, including La Hacienda Links Golf, along with both indoor and outdoor venues for weddings and corporate events.
Designed with families in mind, the resort features both a Kids Club and a Teens Club, offering educational, technological and recreational activities to ensure entertainment for all ages.
The complex is part of a portfolio exceeding 88 hotels owned by its parent company, Fairmont Hotels & Resorts. Fairmont, in turn, is a brand within Accor, one of the world’s leading hotel groups, with more than 5,400 properties across over 110 countries.
