The president of Hosbec, Tony Mayor, has completed a strategic integration of his hotel portfolio into the corporate umbrella of his chain, Huerto del Cura and the Millennium Garden of Elche. In December 2018, the Orts family sold their holdings, and official records show that Ona Sol, the parent company directing Port Hotels, acquired Palmhotel SLU, the owner entities behind these brands. This move is framed as a natural consolidation by the businessman to streamline governance after rapid growth in recent years.
In practical terms, when Mayor acquired Huerto del Cura and Jardín Milenio, he acquired two operating businesses rather than a single entity. Gestur Huerto del Cura managed hotel operations, encompassing housing and restaurant administration, while the land and building ownership lay with Palm Hotel through a lease arrangement. This separation between ownership and management is a familiar pattern in the hospitality sector, where control of real estate can sit with a leasing vehicle while operations run under another entity.
Analysts note that the strategic realignment positioned the Mayor’s group for unified oversight. The consolidation allows the parent company to absorb direct hotel management responsibilities, reinforcing a single business model across properties that previously ran as loosely linked units. Palm Hotel had functioned as a standalone entity prior to the consolidation, but the businessman indicated that the merger would simplify the architecture of the enterprise by transferring assets and liabilities to the parent company.
Recent financial filings shed light on the scale of Palmhotel ahead of the restructure. The accounts for 2020 reported assets surpassing 10 million euros, with real estate investments accounting for about 9.5 million euros. Debt to credit institutions stood at roughly 670,000 euros, largely cushioned by mortgage guarantees. These figures underscore a robust real estate footprint backing the hotel portfolio, providing a strong foundation for future expansion plans and capital efficiency across the chain. [Source attribution: corporate registries and financial disclosures]
Looking ahead, the Mayor group appears committed to expanding its footprint within Spain. The portfolio includes the Huerto del Cura and Milenio hotels in Elche, with ongoing expansion across the Port Hotels brand. The Hospitality network has pursued additional opportunities, including a long runway for growth in Valencia adjacent to the Manises airport. The recent Valencia development involved the absorption of a Meliá-managed property and the rebranding of a former facility to align with the Port Hotels portfolio. The entity has also earmarked new land parcels for future development near Terra Mítica and a site adjacent to In Tempo, signaling a multi-site growth strategy that aims to diversify locations and guest segments. [Source attribution: market filings and company announcements]
In a broader context, the expansion aligns with a trend where hotel groups consolidate ownership, management, and branding under a single corporate banner to enhance efficiency, streamline decision making, and centralize procurement. For investors and industry watchers, the evolution of Mayor’s portfolio offers a case study in how a family-led hospitality enterprise scales through acquisition, realignment, and strategic asset management. The ongoing Valencia project and the development sites indicate a pipeline that could elevate the chain’s geographic reach and revenue potential in the coming years. [Source attribution: industry analysis]