Apollo’s move to offload two luxury Ibiza hotels highlights surging private‑equity interest in Baleares high‑end hospitality assets
Executive summary: Apollo appointed JLL to market two luxury hotels in Ibiza for sale, with a potential price of around €120 million, and continues to hold a Hilton‑branded property in Mallorca. The sale underscores strong private‑equity demand for high‑end hospitality assets in the Baleares, which could influence local property valuations and future investment flows into the sector. Apollo Global Management, JLL (advisor), Hilton (Mallorca asset), potential buyers, and Balearic authorities overseeing tourism and real‑estate regulations. JLL will launch a formal sales process, expecting bids in the coming months; Apollo may reinvest the proceeds into other European real‑estate opportunities, while market participants monitor pricing trends for luxury hotels in Ibiza.
Apollo Global Management has engaged JLL to sell two upscale hotels in Ibiza, with an expected price near €120 million, while retaining a Hilton‑branded asset in Mallorca. The transaction fits a broader pattern of private‑equity firms actively acquiring and divesting hotel assets in the Balearic Islands, driven by strong tourism recovery and limited prime supply. While the deal signals capital recycling for Apollo, it may also exert upward pressure on valuations for comparable luxury properties in the region.
Connected developments
- Pomona cierra dos adquisiciones en Baleares y en la Costa Brava para crecer en España
- Alejandro Reynal, el español en la cima de los hoteles de lujo: “Queremos que Four Seasons tenga presencia en Barcelona, San Sebastián e Ibiza”
- Alejandro Reynal, el español en la cima de los hoteles de lujo: “Queremos que Four Seasons tenga presencia en Barcelona, San Sebastián e Ibiza”
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