Deka Immobilien has sold the Jumeirah Port Sóller Hotel & Spa complex on the Balearic island of Mallorca from the portfolio of its open-ended real estate fund WestInvest InterSelect. The buyer is DHH Port Soller, S.L.U., a company belonging to the international investment group Dubai Holding LLC. The parties have agreed not to disclose the purchase price.
The sale of this long-held luxury hotel asset was carried out for portfolio strategy reasons, as both the island location of Mallorca and the predominantly leisure-oriented use of the property no longer align with the fund’s strategic investment objectives. The transaction enabled the fund to realize an attractive gain at fund level. Since its opening in 2012, the Jumeirah Port Sóller Hotel & Spa embodies exclusivity, quality and international excellence. Located in one of the island’s most sought-after settings – high above the bay of Port de Sóller on Mallorca’s spectacular northwest coast – the hotel overlooks the Mediterranean Sea and the UNESCO World Heritage Site Serra de Tramuntana. Its distinctive architecture blends harmoniously into the terraced landscape, offering guests both privacy and breathtaking panoramic views.
The property was acquired as a project development in 2007 and, following completion, was leased to Jumeirah Port Soller Mallorca, S.L. In late 2015, the complex was expanded through the acquisition of an adjoining undeveloped plot (rural land). The resort offers a total usable area of 21,189 sqm, spread across nine buildings with 121 guest rooms and suites. Several first-class restaurants and bars, a 2,000 sqm spa and wellness area, a fitness center and a kids’ club complete the property’s premium amenities. Guests also have access to 58 underground parking spaces.
