Único group sold Barcelona’s Grand Hotel Central to York Capital for €85M

Único group sold Barcelona’s Grand Hotel Central to York Capital for €85M

This is the company’s second operation in 2021, after having sold another hotel in Madrid last February.

Financial group York Capital paid around 575.000 euro per room. The Grand Hotel Central, located at Via Laietana, has five stars and features 147 rooms, according to Ejeprime.

Único Hotels will continue operating the asset through a long-term lease. The group has also included rebuy options on the sale contract.

Sale of one other hotel in Madrid

Last February, Único Hotels sold the building located at calle Claudio Coello number 67, which hosts Hotel Único Madrid for 22.5 million euro. The buyer was an investor advised by Aiga Advisory, company from Grupo A&G.

The company owned by entrepreneur Pau Guardans will, in the same way, continue operating the hotel through a leasing arrangement. Hotel Único Madrid is one of the references in terms of luxury hotels in the Spanish capital. It has 44 rooms, The Bar, several facilities, an interior garden and hosts the prestigious restaurant «Ramón Freixa Madrid».

Following these sales, Único Hotels currently remains the owner of Mas de Torrent, a luxury five-star hotel in the Costa Brava, and the Finca Serena resort, in Mallorca. It also operates The Principal, located at Gran Vía in Madrid, but through a lease.

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