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Gestor acquired a tourist accommodation property in the Catalan city of Salou, south of Barcelona, in an off-market transaction. Salou is one of Catalonia’s most significant resort destinations and is located in close proximity to one of the region’s key tourist attractions, PortAventura World.
The property’s location ensures year-round demand, while seasonal tourism provides high occupancy rates and stable return potential. The accommodation is operated by Salou-based Ibersol, which manages several thousand units along Spain’s Mediterranean coast. Financing for the transaction was provided by Spain’s BBVA bank.
In parallel with the Spanish investment, Gestor also expanded its hotel portfolio in Portugal with an acquisition in downtown Porto. The newly acquired hotel is located within the city’s historic urban fabric, in a year-round sought-after location supported by stable urban and international tourism demand.
Financing for the Porto transaction was provided by Portuguese lender Abanca, further strengthening Gestor’s local banking relationships in Portugal.
The Salou and Porto transactions align with Gestor’s investment strategy in Spain and Portugal, which the company has been consistently building for more than 11 years. Alongside its Hungarian investments, Gestor began diversifying its portfolio early on by geography and asset class on the Iberian Peninsula, where it has invested in retail, logistics and hotel properties over the past decade, the company tells the Budapest Business Journal.
The aim of this approach is to build a portfolio in Spain and Portugal that delivers stable cash flow while preserving long-term value.
Commenting on the transactions, Gestor CEO András Gerő said, “These acquisitions fit organically into a strategy aimed at increasing the weight of our non-Hungarian investment portfolio. We are deliberately seeking Iberian opportunities that provide stable, long-term cash flow and offer predictable returns for our investors.”
Gestor notes that its Iberian strategy is not speculative but is based on cash flow and long-term value creation. The company is expanding its presence in locations and asset classes where demand is structurally durable, supply is limited, operations can be ensured by professional partners, and financing is supported by stable local banking relationships.
“In the coming years, real estate assets related to housing, temporary accommodation and tourism in Spain and Portugal are expected to continue to attract strong investor interest. Gestor’s goal is to operate as a regional platform in Spain and Portugal that is capable of creating, financing and managing institutional-quality real estate assets over the long term on the Iberian Peninsula,” Gerő concluded.
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