Updated Dec 18, 2023
Engel & Völkers Asset Management Acquires Hotel In Spain For €130M
Calle Puig Delfin S/N, 07830 San Jose, Spain
$130,000,000
Building Size
—
Asset Type
Hotel
Closing
Aug 1, 2022
About this deal
AI
Engel & Völkers Asset Management has recently acquired a hotel property in Carrer Puig Delfín, s/n, 07830, Illes Balears, Spain. The transaction, which took place on 08/02/2022, involved a purchase price of €130,000,000. The vendor for this deal was 12.18. Investment Management.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: €130,000,000
- Date: 08/02/2022
- Address: Carrer Puig Delfín, s/n, 07830, Illes Balears
- Sector: Spain
The acquisition was facilitated by Engel & Völkers Asset Management, represented by their broker, Sven Odia. The deal marks a significant investment in the hotel sector in Spain.
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93