120 Room Hotel Central Madrid For Sale €65m

Location: Arganzuela, Barrio Atocha, Madrid, Spain

Name: TBA

No. of Keys: 120

The Property: The hotel was built in 2010, in a plot size of 2,925 sqm with a total floor area of 16,248 sqm. There is car-parking for 120 cars, which could have a sell-off value of around €2.5m.

The hotel is one of the few in the city centre with large landscaped gardens. Bar, restaurant and outdoor terrace. Small fitness room. Small meeting room.

The hotel is currently branded with a major chain, which can be kept or not. SV

Main Photo: A superior room at this hotel

Tenure: TBA

Brand/Management: Well-known top brand in place, which could be kept on, or otherwise.

Current Owner: TBA

Guide Price: €65m plus agency fees, which could be demonstrated at exceptional value compared to residential alternatives.

Financials: The hotel currently yields between 5% and 6%

Agent: Local agent in partnership with THPT

Date Posted: November 2019

THPT Comment: A fab opportunity to acquire this good location and good size hotel for a hotel group to operate under their own flag, or an investor to keep the up-market brand in place.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT