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Advisory services to Sixth Street’s entry in the Spanish hotel market with the acquisition of 5 vacation hotels

  • Total investment amounts to €85 million including both acquisition and refurbishment.
  • The 5 assets comprise a total of 1,039 rooms.
  • The Hotels are 3- and 4-star categories and are located in Benidorm, Roquetas de Mar, Salou and Lloret de Mar.
  • The establishments will be managed by Pierre & Vacances, which operate a portfolio of more than 5,000 rooms in Spain.

Colliers has advised the international investment fund, Sixth Street on the acquisition of 5 vacation hotels worth €85 million including refurbishment. Said hotel assets were purchased freehold, and in the following months will be operated by Pierre & Vacances, which will add 1,039 rooms to its portfolio in Spain, offering more than 5,000 hotel rooms in the country.

This transaction is Sixth Street’s entry into the Spanish hotel market. Sixth Street is an international investment fund with more than $60,000 million under management. It partners with main international operators and invests in prime global tourism destinations.

“This transaction is great news for the vacation market. The entry of an investor of the stature of Sixth Street, in one of the year’s most significant transactions, confirms the existing investors’ appetite for the Spanish hotel sector. The partnership between Sixth Street and Pierre and Vacances, an experienced hotel operator, will allow them to benefit from opportunities present in the sector and to expand their initial portfolio”commented Gonzalo Gutierrez, Director of Colliers’ Hotel department who lead the Transaction.

Related Experts

Gonzalo Gutiérrez

Director | Hotels


In 2017 Gonzalo joined Colliers as Director of the Hotel Team. Previously he had developed his profesional career at Irea´s hotel team for nine years.

Gonzalo has a financial backgroud which allows him to provide advisory services to Hotel and Real Estate companies in transactions (sell-side & buy-side), financial restructuring, search for financing, valuation of NPL´s portfolios, design of strategic plans to Hotel and Real Estate companies, hotel operator search and contract negotiation, feasibility analysis and hotel valuations.

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Alejandra Folgado

Marketing & Comms. Director Spain & Portugal


As Marketing and Communications Director Alejandra is responsible for building a marketing and Comm. strategy that grows brand awareness; drives lead generation and works across business lines to support Colliers International in Spain  achieve its growth and customer acquisition goals.

She began her career at Atlas Capital Close Brothers in 2001 and joined to irea in 2006, where she was Knowledge & Organization Manager for almost 4 years. After a 5 years  of professional and personal experience in Italy, she returns to irea as Marketing & Communications Manager.

From January 2015 she has been Head of Marketing and Communications at irea until March 2018, when the spanish firm integrates in Colliers International.

Alejandra studied at Carlos III University (Madrid)  where she has a bachelor degree in Information Sciences. She holds an International Marketing and Communications Master from Polimoda Business School (Italy).

She has worked in Marketing and PR across various industries including Financing, Real Estate, Fashion and Hospitality. Alejandra  also has experience in managing and coordinating  events including conference, congress and trade fairs.

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