Updated Dec 21, 2023
Sixth Street Acquires Hotels In Benidorm, Roquetas De Mar, Lloret De Mar & Salou, Spain For €85M
Calle De Oslo 2, 03503 Benidorm, Alicante, Spain
$85,000,000
Building Size
—
Asset Type
Hotel
Closing
Jan 10, 2022
About this deal
AI
The transaction took place on November 1, 2022, involving a hotel property located at C. de Oslo, 2, 03503 Benidorm, Alicante; C. de Viena, 7, 03503 Benidorm, Alicante; Carrer del Vendrell, 9, 43840 Salou, Tarragona; Av. Mediterráneo, S/N, 04740; Carrer de la Sénia del Barral, 39, 17310. The hotel is situated in Benidorm, Roquetas de Mar, Lloret de Mar & Salou, Spain. The hotel was purchased for a total of €85,000,000. The buyer in this transaction was Sixth Street.
Summary of transaction details
- Property Type: Hotel
- Transaction Amount: €85,000,000
- Address: C. de Oslo, 2, 03503 Benidorm, Alicante; C. de Viena, 7, 03503 Benidorm, Alicante; Carrer del Vendrell, 9, 43840 Salou, Tarragona; Av. Mediterráneo, S/N, 04740; Carrer de la Sénia del Barral, 39, 17310
- Sector: Benidorm, Roquetas de Mar, Lloret de Mar & Salou, Spain
- Purchaser: Sixth Street
The deal was brokered by Sixth Street's representative.
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
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93