At least five investment funds, including a British unit of Apollo, the owners of IFA Hotels and Hilton Grand Vacations Club, would be outlining offers to take control of Anfi del Mar once Lopesan rules out participating in this debt process. that has not materialized the operations of the Dominican Republic, which is in the development phase and that expense is 225 million euros. The interested Nordic funds have been exploring companies in the tourism sector in the Canary Islands that could manage the tourism conglomerate. Anfi sells the same accommodation unit 52 weeks a year without services. That is to say: it is an interesting financial product for funds because it allows them to manage cash intensively.
Foreign families who have timeshare spaces in Anfi del Mar are in a situation of total stress at the idea of Lopesan buying the remaining 50% of Anfi del Mar because the possibilities of the complex continuing under a time sharing regime are limited. . The part of Santana Cazorla that is in the hands of the judges in Las Palmas is sold for 201 million euros but with a peculiarity: it would always control the management and the last word by having what is called golden share, a handbrake to prevent violent financial assaults on the group.
Since last March, a court in Las Palmas has been processing a voluntary bankruptcy process through a Lopesan company since it is a creditor of Anfi Sales and Anfi Resorts, from which it is asking for 30 million euros. Anfi's box is in the hands of the bankruptcy lawyers and is empty. Lopesan has invoiced laundry services to Anfi. The bankrupt, with the apartments as collateral, contractually guarantees the right of residence of the holders of the right of residence against the owner Anfi Sales & Co. The bankruptcy administrator will take the contracts made by Anfi, including the trust contract, into account. The five clubs operated by Anfi Resorts - Playa, Puerto, Monte, Gran and Esmeralda - are not affected and week holders can continue to exercise their residency rights there. This equation is complex because it limits Lopesan's access to liquidity in the event of finally acquiring its historical competitor.
