INVESTMENT VEHICLE
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Existing assets (non-corporate)
ASSET PROFILE
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Urban Hotel and aparthotel 1st coastline resort
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Residential buildings and offices with license for hotel use
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Representative facade and/or corner
CATEGORY
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3 – 5 stars
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Hotel and Aparthotel
Nº KEYS
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+ 80 urban rooms
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+ 200 resort rooms.
INVESTMENT SIZE
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40-60 MM Euros
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Including CAPEX
DENSITY M2
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Hotel: ≤ 5.000m2
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Retail & Rooftop: ≤ 500m2
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Building: + 5.000m2
Exterior area
GEOGRAPHY
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+2MM annual occupied rooms Urban hotel: Madrid; Barcelona, Valencia, Málaga, Seville, Bilbao, San Sebastián, Lisbon and Porto
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Resort 1st coastline; Mallorca, Ibiza and Tenerife Sur
RENOVATION
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Need to add value: renovation and repositioning
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Value add: +10 years from last renovation
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Landmark buildings in the city center of secondary cities; Cordoba, Granada, etc
TYPE OF CONTRACT
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Purchase & Sale Agreement (100%)
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Joint Venture + CAPEX, Sale&Leaseback, Lease(s) and turnkey build-to-suit
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Unencumbered
PRICE
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6% Yield NNN
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Value Add strategy & Core Plus
DENSITY M3
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Hotel – Rooms: +3m height
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Retail and rooftop bar: +5m height
FEE
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Off market directly with the property or representatives with exclusive mandate
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Success Fee