Brookfield Renewable Partners LP Supports Selenta Group's Strategic Hospitality Transformation and Resort Sale
- Selenta Group, a Brookfield Asset Management subsidiary, sold Mare Nostrum Resort for €430 million, enhancing its strategic focus.
- The resort's transformation resulted in a 91% growth in RevPAR, showcasing Selenta's effective operational model and guest experience.
- This sale aligns with Brookfield’s strategy to optimize real estate investments in the evolving hospitality market.
### Selenta Group's Strategic Transformation in the Hospitality Sector
On July 1, 2025, Selenta Group, a subsidiary of Brookfield Asset Management, successfully completes the sale of the Mare Nostrum Resort to the Spring Hotels chain for €430 million. This transaction highlights Selenta Group’s strategic focus on revitalizing and repositioning hotel properties within the competitive hospitality sector. The sale follows a comprehensive refurbishment and rebranding of the Mare Nostrum Resort, which involved an investment exceeding €56 million over the past two years. This significant financial commitment has not only transformed the resort’s physical infrastructure but has also led to substantial improvements in guest satisfaction and operational performance, positioning the Mare Nostrum as a leader in revenue per room (RevPAR) metrics in the region.
Albert Tomàs, CEO of Selenta Group, emphasizes the successful transformation of the Mare Nostrum Resort, crediting the pivotal role that Brookfield has played in supporting their ambitious investment strategy. The impressive 91% growth in RevPAR over the past year reflects Selenta’s effective operational model and commitment to enhancing the guest experience. This strategic sale marks a crucial moment for Selenta Group, allowing them to redirect resources toward new projects and reaffirm their identity in the hotel market. The transition to Spring Hotels as the new operator is poised to maintain the successful trajectory of the resort, ensuring continued growth and operational excellence.
The divestment from the Spanish hospitality sector is part of Brookfield’s broader strategy, yet it underscores the strong synergy between Selenta and Brookfield. Alberto Nin, Managing Director of Brookfield Real Estate, praises Selenta's operational efficiency and the remarkable turnaround achieved at the Mare Nostrum. The sale not only signals the effectiveness of Selenta's transformation efforts but also reflects the evolving dynamics within the hospitality market in Spain. As the industry continues to recover and adapt post-pandemic, the successful repositioning of properties like the Mare Nostrum Resort is critical for attracting both investors and guests alike.
In addition to this successful sale, Selenta Group’s ongoing commitment to innovation and quality in hospitality is evident. The investment in the Mare Nostrum Resort serves as a benchmark for future projects, with the company looking to leverage its experience to enhance other properties in its portfolio. The collaboration with Brookfield highlights the potential for strategic partnerships to drive growth and transformation in the hospitality industry.
Overall, the transaction with Spring Hotels illustrates the positive trajectory of Selenta Group while also contributing to Brookfield’s overarching strategy to optimize its real estate investments in the hospitality sector.
