Hospitality Experience

Hoteles 2010 Secures €16.2M Refinancing

Transaction advised by Horwath HTL

The ownership group led by Hoteles 2010 has completed a refinancing operation valued at €16.2M, advised by the Capital Markets unit of Horwath HTL. This move allowed them to replace high-cost private debt with bank financing, under a flexible amortization schedule aligned with the group’s growth objectives.


Project Scope

The process included a thorough analysis of the capital structure, restructuring of liabilities using new financial instruments, negotiation of guarantees, and the implementation of advanced risk management practices and scenario modeling—ensuring long-term operational stability.

As part of the preparation, a full asset transformation was carried out: business plan review, modernization of financial back office, updated valuations, and repositioning of a hotel asset through the incorporation of a new operator—enhancing both revenue generation and solvency.

The strategy also financed the acquisition of a minority stake in the holding company, aiming to facilitate future shareholder consolidation and manage the orderly exit of a previous operator.

“These solutions include strategies and tools to help companies manage financial resources efficiently while promoting long-term stability and growth. They involve strong financial planning, effective risk management, capital optimization, and informed decision-making to maximize shareholder value,”

Antoni Cuadrada, CEFA, Senior Director of Capital Markets and M&A at Horwath HTL.

This is a rare type of transaction in the sector—combining refinancing, asset reorganization, and operational repositioning in a single process.

“An integrated solution requiring deep hospitality knowledge, financial structuring experience, and coordinated execution—elements rarely found in traditional advisory firms,” according to Horwath HTL.

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