Global Infrastructure SherpaAzora sells stake in 3 Mediterranean resorts to Grupo Empresas Matutes for €300 million
EUR300M
Deal Value
operating
Stage
Azora sold its stake in three Mediterranean resorts to Grupo Empresas Matutes for €300 million.
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Counterparts (2)
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Grupo Empresas Matutes, already a major player in Spanish tourism through Palladium Hotel Group, just paid €300 million to acquire Azora's stake in three Mediterranean resorts. This deal further consolidates the diversified Spanish holding group's core hospitality and real estate development interests. For Azora, a Spanish investment management firm with a broad real estate and infrastructure mandate, the sale allows it to divest from these assets. The transaction could free up capital for Azora's other fund investments, which span energy transition and digital infrastructure.
- €300 million sale of three Spanish Mediterranean resorts.
- Buyer: Grupo Empresas Matutes, known for Palladium Hotel Group.
- Seller: Azora, an investment firm also active in energy transition and digital infrastructure.
Source Intelligence
KEY DETAILS
Grupo Empresas Matutes acquired the assets in 2019 and now has full control. Quote: "gives Grupo Empresas Matutes full control of the transformed assets acquired in 2019."
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Deal Size
Deal valued at €300 million
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Location
3 Mediterranean resorts
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Financials
Deal valued at €300 million
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Announcement
March 4, 2026
PARTIES MENTIONED IN SOURCE
A
Azora
seller
"Azora sells stake in 3 Mediterranean resorts"
G
Grupo Empresas Matutes
buyer
"gives Grupo Empresas Matutes full control"
medium quality
Enriched Mar 9, 2026
Timeline
Announced
Mar 4, 2026
Signed
Closed
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