HI Partners

HI PARTNERS is a hospitality investment firm which acquires, develops and asset manages hotel investments (hotel debt and assets) directly and for third parties mainly in Spain.

HI Partners' main shareholder is Banc Sabadell (Spain's fifth-largest banking group in terms of assets). Its team has accumulated extensive experience in the hotel investment sector, having carried out a total of over €1,000 million euros in investment projects. HI Partners currently manages 21 hotels, as well as €850 million of hotel loans. The company's objective is to possess the collateral behind the loans when debt restructuring is not seen as a viable solution. HI Partners' strategy consists of divesting those assets that do not meet the company's investment criteria, and to keep the hotel assets of largest size that fulfill their profitability requirements by investing in their transformation and operational optimization.

Moreover, Starwood Capital Group and HI Partners have established a joint venture to invest $500 million in the Spanish hospitality market. The Joint Venture is owned 70% by Starwood Capital Group (under the Starwood Global Opportunity Fund X) and 30% by HI Partners. The joint venture will focus its investment strategy on superior 3- and 4-star leisure hotel assets with more than 200 rooms in Spain's primary tourist destinations—including the Balearic Islands, Canary Islands, Costa del Sol, Costa Dorada and Costa Brava.

Team Highlights:

-Fully committed team with more than 55 years of aggregate experience in the hotel industry
- Successful track record in lodging operations, where the Board of Directors has already worked together (e.g. Reig Capital, Soros Real Estate).
- Involvement in more than 70 hotel operations as asset managers and 136 as advisors in the last 15 years.
- The Board of Directors has been involved in more than 49 lodging transactions both in Spain and internationally amounting 2,818M€.