Snozone acquires Snowzone, Madrid
Snozone Holdings Ltd, the UK operator of 2 indoor snow slopes and an indoor dry slope added a 4th venue to their leisure portfolio in early February when it acquired the indoor snow slope – “Snowzone” - at the Xanadú leisure destination in Madrid, the only indoor snow centre in Spain. The transaction was a nominal fee upon the undertaking of a 15 year lease from its current owners Intu.
A spokesperson for Snozone stated:
“We would like to thank the current owners; Intu and Nuveen Real Estate for the ease of transaction and for developing a successful business that has a very bright future. We are very much looking forward to working with Javier and his team, who have an extremely successful track record and who offer an outstanding guest experience”.