125-Key Three Star Hotel, Scope to Upgrade, Well-Located in Madrid, Spain For Sale

Location: Paseo de la Catellana, on the Tetuán – Chamartín Axis, Financial District, 7 km from Centro, Madrid, Spain

Name: TBA

Guide Price: €45m

No. of Keys: 125

The Opportunity: To acquire this flag-free, three star hotel, 3,500 sqm, hotel with commercial opportunities on the ground floor, of 2,700 sqm, gym or ground floor and semi-basement plus restaurant and restaurant gardens, Bar, cafeteria, summer pool, meeting room to take 50 pax, with 45 parking spaces.

The hotel is within walking distance of the Estadio Santiago Bernabeu football stadium, home of Real Madrid, and the Madrid Conference Centre and the AZCA business district. SV

Main Picture: An executive room at this hotel

Current Owner: Small hotel group with 12 hotels in Spain, who may continue to give access to their sales and marketing platform, if required.

Flag and Management: Free to new owner

Financials: 2019 accounts upon production of LO/EOI

Tenure: Freehold

Agent: Local agent in partnership with THPT

Guide Price: €45m

Guide Price per Key: €357k

Date Posted: March 2021

THPT Comment: An opportunity to buy this three-star hotel, with scope to upgrade to four-star, in the financial area of Madrid.

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.