Deal: 3 Hotels in Spain for €30M - Target is 25-35% annualized at exit (minimum 5 years)

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Description
Executive Summary (IV) COMBINED DEAL •Purchase of the 3 hotels as new or brand portfolio. •Location: Tenerife and Lloret de Mar, Spain. •Type: Front and Second-line beach •Total Rooms: 170+280+135 = ~585 •Total Cost of Acquisition: €30,700,000 •Cost Per Room: €53,000 (median areas range €90,000) •Rental agreement: €4,800/room/year = €2,810,000 p.a. •Annual Yield: 9.21% (15-year contract) Target is 25-35% annualized at exit (minimum 5 years)
Amount
0
Assets
Home builder / real estate
Countries
Spain