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Hotel investment criteria

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edificio

INVESTMENT VEHICLE

  • Existing assets (non-corporate)

activos

ASSET PROFILE

  • Urban Hotel and aparthotel 1st coastline resort

  • Residential buildings and offices with license for hotel use

  • Representative facade and/or corner

categoria

CATEGORY

  • 3 – 5 stars

  • Hotel and Aparthotel

habitaciones

Nº KEYS

  • + 80 urban rooms

  • + 200 resort rooms.

tamaño-inversion

INVESTMENT SIZE

  • 40-60 MM Euros

  • Including CAPEX

superficie

DENSITY 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 Sebastián, Lisbon and Porto

  • Resort 1st coastline; Mallorca, Ibiza and Tenerife Sur

construccion

RENOVATION

  • Need to add value: renovation and repositioning

  • Value add: +10 years from 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