Press Release
Deka Immobilien sells five-star hotel in Mallorca
Frankfurt, 20.01.2026
Deka Immobilien has sold the Jumeirah Port Sóller Hotel & Spa in Mallorca. Dubai Holding LLC has acquired the property on the Spanish island from the portfolio of the WestInvest InterSelect open-ended real estate fund. The parties have agreed not to disclose the purchase price.
The property on the northwest coast of the island comprises a hotel with 121 rooms, including 15 suites and 58 parking spaces, plus an adjacent undeveloped plot of land that could be used as a local recreation area and nature reserve or, to a limited extent, for agriculture. Deka Immobilien acquired the property in 2007 and it is fully leased on a long-term basis to Jumeirah Port Soller Mallorca, S.L. The five-star hotel has received Leadership in Energy and Environmental Design (LEED) Platinum certification.
With this sale, the fund management is taking advantage of the strong demand for hotel properties like this in Mallorca to divest itself of the luxury hotel as part of its active portfolio management strategy. The sale will also generate a handsome profit for investors.
About Deka
DekaBank is the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe). Together with its subsidiaries it forms Deka Group. With total customer assets of more than EUR 440 billion (as at 30/09/2025) and 5.9 million securities accounts, DekaBank is one of the largest securities services providers and real estate asset managers in Germany. It provides private and institutional investors with access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe (Savings Banks Finance Group) and tailors its product portfolio to the requirements of its owners and sales partners in the securities business.
The Deka Group's global real estate expertise is pooled in its Real Estate Division. The management companies, Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH provide management and support for EUR 51 billion (as at 31/12/2024) in real estate assets.
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