Grupo Fuertes and Magic Costa Blanca have today closed the acquisition of the Marina d'Or resort, located in Oropesa del Mar (Castellón), from the US investment fund Farallon Capital Management L.L.C, taking possession of it.

This important transaction for the tourism and hotel sector in Spain was authorised by the National Commission for Markets and Competition (CNMC) and has been advised by Garrigues and Rosillo Rein, on the buying side comprising Grupo Fuertes and Magic Costa Blanca, while Farallon Capital Management L.L.C. has received financial and real estate advice from Colliers and Deloitte and Pérez-Llorca as legal advisor.

The hotel management will be assumed by the Magic Costa Blanca hotel chain with the business management support of Grupo Fuertes. Both groups have a 50/50 share in the ownership of the resort.

About Grupo Fuertes

Grupo Fuertes is a holding company with 100% Spanish capital, which brings together more than 20 different companies whose activity is mainly focused on the agri-food sector. Among them is ElPozo Alimentación, a leader in the sector. The business group has more than 8,700 employees and its turnover exceeded 2,300 million euros in 2022.

Magic Costa Blanca

Magic Costa Blanca is a hotel group with nearly 50 years of experience in the tourism sector. Its commitment to quality and innovation has consolidated its position as a leading company in the tourist accommodation sector in the Valencian Community, winning numerous awards such as Tripadvisor's Traveller's Choice and Booking's Traveller Review Awards. The business group has nearly 2,000 employees and manages 11,695 beds.