48-key boutique wellness hotel at the Soldeu–El Tarter gateway, with spa, restaurant and freehold real estate upside. Fully funded — closed example.
The opportunity
This project in Canillo is a 48-key branded boutique hotel positioned at the gateway to the Soldeu–El Tarter ski area. The asset blends a destination spa, signature restaurant, and freehold real estate, structured to capture both operating cash flow and capital appreciation on exit. This opportunity is now fully funded and shown here as a closed example — the cohort of investors who participated are now in the construction phase of the hold.
Why invest
Canillo's positioning at the entry to the largest Andorran ski domain creates structural demand for hospitality keys at the boutique end. The wellness positioning addresses a gap in the local market — sophisticated international travellers seeking a refined alternative to the larger commercial hotels. Supply at this segment is naturally constrained, and the asset benefits from both the development upside and stabilised operating yield post-opening.
Deal strengths
Capital deployment
Timeline
Architect due diligence completed
Q4 2024Investor financing open
Q1 2025Financing closed & capital deployed
Q3 2025Project execution
Q1 2026 – Q3 2027Project completion / stabilization
Q4 2027Investor exit & capital return
Q2 2029Liquidity
Primary exit is a trade sale to an institutional hospitality investor 12–18 months post-opening. Refinance at stabilised yield is the alternative path, returning investor capital while retaining residual equity for distribution.
Compliance & structure. This opportunity is shown as a closed example. New raises follow the same structure, with Equity Partners as asset manager, an Andorran SPV vehicle, and full KYC/AML and source-of-funds processing prior to capital call.