Date: May 2018
Location: Close to Plaza Mayor and the central market of Salamanca capital, Spain
Name: Hotel Soho Boutique Salamanca – four star
No. of Keys: 20 bedrooms, as well as lounges, a bar, a dining room and an indoor car park, leased in the building opposite.
Seller: These properties below, owned by “the largest company of its kind promoted by an insurance company in the Spanish real estate market” are located in several cities such as Madrid, Sevilla, Valencia, Barcelona, Lisbon, Coimbra and Oporto, amongst others.
Buyer: PSN Gestión Socimi S.A, the listed real estate investment company tasked with managing the properties owned by the PSN Group that are destined to leasing, has acquired the Hotel Soho Boutique Salamanca for €2.9 million.
In this way, PSN Gestión Socimi S.A. has incorporated the hotel into its real estate portfolio, which already contained another complete building that is used as a hotel in the centre of Madrid, as well as several offices, commercial premises and parking spaces spread over 27 buildings located in 21 cities in Spain and Portugal, with a constructed surface area of more than 15,600 m2, according to the entity 13 hotels under the Soho banner.
PSN Gestión Socimi S.A. started trading on the Alternative Investment Market (MAB) on 22 December 2017 with a global capitalisation of more than €28 million.
Its shares debuted with a reference price of €14.20 and are currently trading at €14.50, according to the company that has purchased the hotel in the centre of Salamanca.
This establishment has a constructed surface area of almost 1,200 m2, spread over seven storeys and a patio area of 25 m2.
THPT Comment: we have reported on Spanish Socimi, their version of REIT before…
First Seen: Aura Real Estate