260+ Room Five-Star Hotel Madrid For Sale
Location: Barrio de Salamanca, Paseo de la Castellana, Madrid, Spain
Name: TBA
No. of Keys: 260+, including 20 suites
The Property: The hotel opened in 1977, renovated in 2013 and offers a wide variety of standard and deluxe rooms and suites from 20 sqm to 55 sqm. The hotel has three restaurants, well known to the local residents for it’s gastronomy.
The hotel has 10 meeting rooms, to take upto 500 people, as well as 1,000 sqm garden area for events and weddings.
The wellness club has an indoor heated salt-water pool with a full-on fitness centre.
The hotel is already five-star, but value would increase on an upgrade. IR
Main Photo: The pool in the wellness club
Tenure: Freehold
Brand/Management: Flag and management free
Financials: Financials available upon signing of a NDA
Current Owner: Private family…willing to sell just the asset, or a share-deal
Agent: Local agent is retained, in partnership with The Hotel Property Company
Guide Price: €230m
Guide Price per Key: €861,423
Date Posted: February 2020
THPT Comment: This is a great opportunity to acquire flag-free, five star hotel in the centre of Madrid, with the upside of giving the hotel an upgrade. Great local following.
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@rrh.hmf.mybluehost.me.
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.