Commercial property in L'Eixample, Barcelona, Spain 962 sq.m. No. 151954

Apart-hotel with operator and restaurant in the centre of Barcelona.

Environment:
in the heart of the prestigious Eixample neighbourhood;at the intersection with Paseeig de Gracia boulevard;near Avenida Diagonal with many establishments and boutiques;fashionable hotels (Sir Victor, Casa Fuster);
the city's most important landmark, Antoni Gaudi's Casa Mila, across the street from the property;
in close proximity to the luxurious Mandarin Oriental Residences.
The area is characterised by high purchasing power, premium tourist traffic and stable demand for accommodation. The location belongs to the category of prime hotel & retail, where it is very rare for properties to appear on the market.

The hotel is operated by one of the most prestigious and historically significant hotel brands in Barcelona (over 100 years of history). Part of the property is leased as a premium restaurant.

Terms of the contracts:
Date of signing: July 2023;Hotel lease term: until 2033;Restaurant lease term: until 2034;Binding performance under both contracts: until July 2028.
The rental value includes a minimum guaranteed rent + a variable portion of the turnover of each business.

The payment structure is structured as follows:
hotel: 150,000 €/year + 35% of turnover restaurant: 165,000 €/year + 10% of turnover.
The 962 m² hotel, completely renovated in 2024, is divided between the basement restaurant area and four floors adapted to the tourist accommodation format.

The building combines two upscale businesses: a 2-star aparthotel with five spacious apartments for 16 guests, and a restaurant with an 88-seat auditorium. The complete renovation has created a premium space that meets the requirements of Eixample's tourist and gastronomic segments. The flexible configuration, quality finishes and upscale client orientation make the property a unique proposition in the centre of Barcelona.