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Hotel investment criteria

Download: Hotel Investment Criteria METCUB 2024
edificio

INVESTMENT VEHICLE

  • Existing assets (non-corporate)

activos

ASSET PROFILE

  • Urban Hotel and Aparthotel 1st coastline resort

  • Residential buildings and offices

  • Representative facade and/or corner building

categoria

CATEGORY

  • 3 – 5 stars

  • Hotel and Aparthotel

  • Valid hotel license and past operations
habitaciones

Nº KEYS

  • + 60 urban rooms

  • + 100 resort rooms.

tamaño-inversion

INVESTMENT SIZE

  • 20-60 MM Euros

  • Equity check

  • Including CAPEX

  • Annual net cash
  • Yield of 6%
  • IRR 15%
superficie

SURFACE M2

  • Hotel: ≤ 5.000m2

  • Retail & Rooftop: ≤ 500m2

  • Building: + 5.000m2

    Exterior area

geografia

GEOGRAPHY

  • +2MM annual occupied rooms

  • Urban hotel: Madrid; Barcelona, Valencia, Málaga, Seville, Bilbao, San Sebastian, Lisbon and Porto

  • Resort 1st coastline; Mallorca and Ibiza

construccion

RENOVATION

  • Value Add Renovation hotel project with renovation period less than 2 years
  • +10 years since last renovation

  • Landmark buildings in the city center of secondary cities; Cordoba, Granada, etc

contrato

TYPE OF CONTRACT

  • Purchase & Sale Agreement (100%)

  • Joint Venture + CAPEX, Sale&Leaseback, Lease(s) and turnkey build-to-suit

  • Unencumbered

precio

PRICE

  • 6% Yield NNN Value Add strategy & Core Plus

densidad

DENSITY M3

  • Hotel – Rooms: +3m height

  • Retail and rooftop bar: +5m height

fee

FEE

  • Off market directly with the property or representatives with exclusive mandate

  • Success Fee