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Cheyne Capital completes financing for Andalucia Plaza Hotel

Cheyne Capital has agreed a EUR63.3 million funding partnership with Bain Capital Credit, LP and Stoneweg Hospitality to support the acquisition and redevelopment of the Andalucia Plaza Hotel in Marbella.

Cheyne Capital has agreed a EUR63.3 million funding partnership with Bain Capital Credit, LP and Stoneweg Hospitality to support the acquisition and redevelopment of the Andalucia Plaza Hotel in Marbella.

This 400-room hotel has two restaurants, three bars, eight meeting rooms and two swimming pools. It is a destination in its own right, whilst also being located a short walk from the bars and restaurants of Puerto Banus. As such, it has been identified by all parties as a promising redevelopment opportunity under the Hard Rock brand.

The refurbishment will preserve much of the hotel’s existing building fabric to minimise the environmental impact of the works being carried out.

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