HOSTEL PROJECT (64 ROOMS)
Madrid, Spain
Price
€30,000,000*
* + agent intermediation fees payable by the buyer.
Description
The design proposes a maximum layout (354 beds in 64 rooms) which can be reduced depending on City Council indications. The location is very good. The estimated operational start date for this Hostel is Q1 2028. Construction is expected to begin after summer 2026. Currently, the developer is receiving offers from operators, all based on a 'management' model. The intention is to sell the finished and operational building, which can be agreed upon before construction begins or during the execution process, although the price will naturally differ. The order of magnitude is 30M€, although the operation will need to be detailed (type of Yield on costs contract, price, payment method, etc.).
- City
- Madrid
- Built Area
- 2,507 m²
- Plot Area
- 851 m²
- Energy rating
- —
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Jordi Boza
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