H.I.G. Capital, LLC , a leading global private equity investment firm with over €26 billion of equity capital under management, announced today that one of its affiliates has recently completed an investment in BollAnts Spa im Park, a 105-room wellness hotel & resort in Bad Sobernheim, Germany. BollAnts Spa im Park is one of the leading wellness resorts in Germany and has earned many awards including, most recently, the prestigious Tatler award for one of the best spas in the world (2018). Terms were not disclosed.
H.I.G. Realty continues to add to its sizeable holdings of real estate assets across Europe, consisting of both equity as well as debt investments, with a particular focus on its target market of value-added small/midcap opportunities.
Riccardo Dallolio, Managing Director and Head of H.I.G. Europe Realty Partners in London, commented: "The German real estate market represents a key part of our European value-add strategy and we continue to actively look at opportunities in the small/midcap sector across the capital structure."
Sanjoy Chattopadhyay, Managing Director at H.I.G. Europe Realty Partners in London, added: "The transaction demonstrates our ability to leverage our strong network and track record to acquire high-quality assets with significant value-add potential. The fundamentals of the German wellness industry are attractive, and we look forward to pursuing further similar investments."