CBRE advises on the sale of Hotel Único Madrid
Global real estate advisor, CBRE, has advised owner operator Único Hotels on the sale of Hotel Único Madrid to A&G Private Banking for an undisclosed sum. Following the transaction, Único Hotels will continue to operate the hotel under a 20-year lease that includes several buyback options for the operator.
The 5-star luxury boutique hotel comprises of 44 rooms, a library, wellness suite and a range of F&B facilities, including the two Michelin star-rated restaurant Ramón Freixa. The hotel is well positioned in the heart of the Golden Mile of the Salamanca district, surrounded by fine-dining restaurants and designer boutiques.
This transaction highlights the continued interest from investors in the Spanish hotel market despite the pandemic. Hotel Único Madrid has strong fundamentals and offered a rare opportunity to purchase such a well-placed asset. Sale-and-leaseback deals provide an excellent alternative to enable operators to navigate through the Covid crisis whilst retaining the operations of strong performing assets.