This socimi will start with a capital close to €200 million invested in a selection of hotels, 65% vacation and the rest urban, including some operated by renowned chains such as Marriot or Meliá, as reported by sources close to the project.
During the last weeks, Bankinter has been in charge of choosing the hotels, all of them operative, in order to offer an annual dividend close to 5% per annum.
The main shareholders will be Bankinter's private banking clients, who have already pledged to contribute with €120 million to the project on January 18. The minimum investment per client will be €200,000, with a maximum of 15% of its financial assets.
But in addition, other investors, including Bankinter, the manager of the socimi and institutional investors, will put at least 60 million more.
The idea is for the Bank headed by María Dolores Dancausa to participate with €18 million and the manager of the socimi, GMA, with 9 million, so both will have a minority stake in society but enough to be represented in its board of directors.
Unlike other socimis, the investment vehicle designed by Bankinter has a disinvestment term of 7 years, although the bank reserves the possibility of extending its life.