Ropes & Gray has advised Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients, on its acquisition of a majority stake in BLUESEA Hotels, a hospitality platform in Spain, in partnership with Portobello Capital, a leading independent mid-market private equity firm.

Headquartered in Palma de Mallorca, BLUESEA specializes in the three- to four-star hotel segment in Spain, operating a portfolio of 25 hotels with around 5,100 rooms. The hotels are located in popular tourist destinations, including the Balearic and Canary Islands, Costa Brava, Costa del Sol, and Madrid, and offer affordable all-inclusive holiday packages.

As part of the deal, Partners Group will take a seat on BLUESEA’s board of directors. Alongside the management team and Portobello, Partners Group will oversee transformational value creation initiatives across BLUESEA’s portfolio, including the refurbishment of existing sites, the expansion of ancillary service offerings, operational efficiency improvements, and the acquisition of new hotels.

The Ropes & Gray team was led by London asset management partners Tom Alabaster and Chris Townsend, with associate Valerio Vitelli. Other members of the team included counsel Steven Kaye (litigation and enforcement) and trainee Eloise Edwards-Hedges.