Voice reading · ~1 minWelcome to the Notitur daily brief, your travel-industry recap. Today: Grupo Ramat takes over Mongibello Ibiza. Stoneweg Hospitality and Bain Capital have sold the Mongibello Ibiza hotel to Grupo Ramat (formerly OD Group), which acquires the asset together with a group of private investors. The deal closes the cycle that began in 2022, when both firms bought the property in Santa Eulària des Riu through a joint venture with the aim of repositioning it in the Balearic hotel market.. Managed by Concept Hotel Group, the hotel underwent a full transformation that resulted in the current Mongibello Ibiza. Ramat now steps in with private capital, a move that shows investor appetite for repositioned assets in the Balearics is still hot.. My take: Stoneweg and Bain exiting after only three years makes it clear their play was purely financial. The winner here is Ramat, which gets a product already refurbished and ready to run. Ibiza remains a magnet for capital, but watch out: margins demand ever more operational efficiency. That is today's recap. Come back tomorrow for more on travel, artificial intelligence and travel tech. See you tomorrow on Notitur.
Stoneweg Hospitality and Bain Capital have sold the Mongibello Ibiza hotel to Grupo Ramat (formerly OD Group), which acquires the asset together with a group of private investors. The deal closes the cycle that began in 2022, when both firms bought the property in Santa Eulària des Riu through a joint venture with the aim of repositioning it in the Balearic hotel market.
Managed by Concept Hotel Group, the hotel underwent a full transformation that resulted in the current Mongibello Ibiza. Ramat now steps in with private capital, a move that shows investor appetite for repositioned assets in the Balearics is still hot.
My take: Stoneweg and Bain exiting after only three years makes it clear their play was purely financial. The winner here is Ramat, which gets a product already refurbished and ready to run. Ibiza remains a magnet for capital, but watch out: margins demand ever more operational efficiency.
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