Investment Project For the Construction of 4 * Hotel in Barcelona!

Investment project for the construction of 4 * Hotel on the seafront in Barcelona with an investment of 35,7 million € and a project implementation period of 2 years.

Investment project for the construction of 4 * Hotel on the seafront in Barcelona with an investment of 35,7 million € and a project implementation period of 2 years.

CONSTRUCTION COMPANY
The construction works are carried out by a company founded in 1954.
They have developed a comprehensive business model, have delegations in major Spanish cities and have developing their activities throughout the country. Also, major projects were implemented at the international level.

MARKET ANALYSIS
In Barcelona the growing demand is clearly greater than the offer of hotels available in the area, and increasingly restricting the opening of new hotels.

Over the past 20 years, the flow of tourists to Barcelona has increased, according to the most conservative estimate, three times. In just one month (January), 2017 in Barcelona visited about half a million tourists, which is 15.9% more than in January 2016, writes Noticia.ru.

Naturally, this positively affected the workload of local hotels. Guests of the Catalan capital spent here 1 240 000 nights. This is by 12.6% more than a year earlier.

Therefore, this project is the most investment attractive because of its unique location.

THE LOCATION
The site for construction of the hotel is located on the waterfront, directly opposite the beach and marina of Badalona.

It is worth noting that in Barcelona the hotels are located in the city center, and NOT on the seafront, with two exceptions: the hotel W Barcelona (belonging to the chain of hotels Starwood - Marriott) and the hotel Arts (managed by Ritz-Carlton, the brand of the same hotel chain). Both stand out for their iconic image and high visibility around the city skyline.

We will represent the third hotel with these features.

THE HOTEL: TECHNICAL SPECIFICATIONS
The hotel will comprise of 220 rooms and will comply with the hotel's 4 * hotel standards.

Services: menu and buffet restaurant, bar and terrace, swimming pool, spa, conference halls (1,500 m2 conference hall, 4 conference rooms and adjoining areas), parking for 100 parking spaces.

In addition, the construction also includes multipurpose premises for commercial and public use, intended for improving the hotel’s integration in the Barcelona’s promenade and marina’s environment.

COSTS ANALYSIS
Surface right price: 10 Mill€ + IVA (21%)
Construction cost: 20,7 Mill€
Furniture: 2,7 Mill€ (bank could offer leasing)
Licenses: 0,7 Mill€
Architect fees: 1,5 Mill€
Others: 0,1 Mill€

TOTAL: 35, 7 Mill€

RETURN ON INVESTMENT: annual profitability 7%

Additional information on the project is available upon request.

I am an expert in sales, construction and investment in real estate in Spain.

I represent a Spanish real estate agency , specializing in the sale of residential real estate, commercial and industrial property in Spain, as well as we create and organize turnkey investment projects throughout Europe, such as: the construction of hotels, apartments, commercial buildings, we build to order exclusive villas.

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