Updated Dec 19, 2023
Blasson Property Acquires Costa D'en Blanes Hotel In Spain For £90M
Carrer Punta Negra, Punta Negra, Spain
$90,000,000
Building Size
—
Asset Type
Hotel
Closing
Nov 24, 2021
About this deal
AI
The Punta Negra Hotel, located at Carrer Punta Negra, 12, 07181 Costa d'en Blanes, Illes Balears, Spain, has been sold in a closed transaction. The hotel, situated in Spain, was purchased for a price of £90,000,000. The transaction took place on 24/11/2021.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: £90,000,000
- Image: Laura Hernando
- Date: 24/11/2021
- Address: Carrer Punta Negra, 12, 07181 Costa d'en Blanes, Illes Balears, Spain
- Sector: Spain
The vendor of the Punta Negra Hotel was the Blanes family and Colliers International representative, Laura Hernando. The purchaser involved in the transaction was Blasson Property.
Players
Market Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93