PRESS RELEASE

HISPANIA ACQUIRES THE FERGUS TOBAGO HOTEL IN PALMA DE MALLORCA FOR A TOTAL OF 20 MILLION EUROS
  • With this acquisition, Hispania reinforces its presence in the island of Mallorca accumulating a total of 1,312 rooms in 4 hotels on the island.
  • Hispania´s strategy includes an investment of 10 million euros to carry out the full refurbishment of the asset
Madrid, June 26th, 2017. - Hispania has completed the acquisition of the FERGUS Tobago Hotel on the island of Mallorca for a total of 20 million euros. The hotel is located in front line of the Beach of Son Matías, Palmanova, an emblematic place on the island which is currently in the process of updating the hotel and the hotel surroundings. FERGUS Tobago has a total of 275 keys of category 3 * and big common areas. The operation contemplates the repositioning of the hotel for an approximate amount of 10 million euros, with the aim of increasing its category, as well as the services it provides. The hotel had an excellent performance during 2016, recording an average occupancy of 88% throughout the year. The refurbishment is expected to start once the 2018 season ends.

FERGUS Hotels will continue as the hotel operator through a lease contract with a fixed component and an additional variable component, which will provide similar yields than the rest of the Balearic portfolio.

With the incorporation of this hotel, Hispania's portfolio has increased in the Balearic Islands, strengthening its presence in the Mallorca Island, reference island in the Mediterranean, where Hispania already had 3 hotels and 1,037 rooms.

With this acquisition, Hispania has 11,296 rooms in 39 hotels consolidating itself as the leading hotel owner in Spain.

FOR FURTHER INFORMATION: Hispania's Press Room:

Noemí Sánchez: noemi@irazustacomunicacion.comNacho Miquel:nacho.miquel@irazustacomunicación.com Phone: +34 91 563 41 79

Hispania's Investor Relations:

Isabel Troya: isabeltroya@azora.es Maria Riesgo: mariariesgo@azora.es Phone: +34 91 310 6370

About Hispania

Hispania became listed on the Spanish Stock Exchange on the 14th of March of 2014 and as of today it has raised €1,083 million. Hispania's current portfolio includes more than 209,600 sqm in offices, more than 750 dwellings and more than 11,200 keys.

Hispania's goal is to capture investment opportunities in the Spanish Real Estate markets and creating a portfolio of high quality assets in the residential, hotel and offices sectors.

Hispania is part of the FTSE EPRA / NAREIT Global Real Estate Index, Ibex Mid Cap Index, Euronext IEIF REIT Europe Index and S&P Global Real Estate Index.

In accordance with best corporate governance international practices, Hispania´s Board of Directors, chaired by Rafael Miranda, has a majority of independent Board Members.

Hispania is externally managed by Azora Gestión S.G.I.I.C., S.A., which has granted it total exclusivity for all of its investment deal flow in Spain, except for student housing.

About Azora

Grupo Azora (hereinafter "Azora") is a leading Spanish independent asset manager, founded in 2004 and with more than

€4,000 million of assets under management. Azora manages Hispania through its subsidiary Azora Gestión S.G.I.I.C., S.A., a regulated asset management company under the supervision of the Spanish Stock Exchange regulator (CNMV).

Azora's platform is one of the largest in Spain, with a team close to 400 professionals with extensive experience across the Real Estate value chain, including deal origination, structuring and investment, new developments and repositioning, asset and property management as well as disposal of individual assets or portfolios. Azora is specialized in four assets classes: residential (Azora manages the biggest portfolio under rent in Spain, with 12,391 dwellings), student housing (also managing the biggest portfolio in the country, with 8,530 beds) and the biggest hotel portfolio under rent in Spain, with more than 11,900 rooms.

About FERGUS Hoteles

FERGUS Hotels is a Mallorcan hotel chain created in 2011 with a portfolio of 9 hotels located in the best areas of the Balearic Islands, offering more than 1,700 keys. FERGUS Hotels is in full expansion, incorporating new hotels to those already existing and it will continue growing in new destinations that will open in the near future, with the strong commitment to offer the best service and facilities through the repositioning of its hotels and the creation of products specially made for the customer. Among its short-medium-term plans is to incorporate the first assets outside the Balearic Islands into the national market and carry out the first operations at the international level through contracts of rent or management, and without ruling out possible purchases. FERGUS Hotels stands out for being a company recognized for its excellence in management, its own innovative style, the satisfaction of customers, suppliers and employees.

Hispania Activos Inmobiliarios SA published this content on 26 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 June 2017 08:44:14 UTC.

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