Horwath HTL leads the €16.2 million refinancing of Hoteles 2010.

Barcelona, 06/05/2025

Horwath HTL’s Capital Markets unit has advised Grupo Hoteles 2010, S.L. on a €16.2 million refinancing transaction. The deal involved replacing high-cost private debt with bank financing under improved conditions, featuring a flexible repayment schedule aligned with the group’s growth objectives.

The process included a comprehensive analysis of the capital structure, liability restructuring through new financial instruments, collateral negotiations, and the implementation of advanced risk management practices and scenario modelling, ensuring the long-term stability of the operation.

As part of the preparatory phase, a complete asset restructuring was carried out: review of the business plan, modernization of the financial back office, updated asset valuations, and the repositioning of a hotel property through the incorporation of a new operator—resulting in increased rental income and improved solvency across the portfolio.

The structure also enabled the financing of a minority stake acquisition in the holding company, with the aim of facilitating future shareholder consolidation and covering the costs associated with the exit of a previous operator, ensuring a smooth transition in asset management.

“These solutions encompass strategies and tools designed to help companies manage their financial resources efficiently, fostering stability and sustained growth. They include sound financial planning, effective risk management, capital optimization and informed decision-making—all aimed at maximizing 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 bank refinancing, asset reorganization and operational repositioning in a single process. A comprehensive solution that requires deep knowledge of the hotel business, expertise in financial structuring, and the ability to execute in a coordinated manner—capabilities not typically found together in traditional advisory firms.

At Horwath HTL, our mission is entirely focused on hospitality, tourism, and leisure consulting. With over 100 years of experience, more than 50 offices in 40 countries, and a portfolio of 50,000+ successful assignments, we are proud to be the global leader in our field.

For further information, please contact:
René García, Business Development, Horwath HTL Spain
[email protected]

At Horwath HTL, our focus is one hundred percent on hospitality, tourism, and leisure consulting. Our services cover every aspect of hotel real estate, tourism, and leisure development. Each project we help is different, so we need all the experience we have gained over our 100- year history.

We are a global Brand with over 50 offices in 40 countries, who have successfully carried out over 50,000 assignments for private and public clients. We are part of Crowe Global, a top 10 accounting and financial services network. We are the number one choice for companies and financial institutions looking to invest and develop in the industry.

We are Horwath HTL, the global leader in hotel, tourism, and leisure consulting