CBRE Global Investors acquires hotel in Madrid

Madrid 26 February 2019 – CBRE Global Investors, on behalf of its clients, has acquired Hotel Exe Moncloa, a 4-star hotel located in the heart of Madrid, Spain. The hotel is leased to Hotusa and VIPS. The seller was Lonta Investments 2016 S.L., a wholly owned subsidiary of Signal Real Estates Opportunities Fund LP.

The city centre hotel has 161 rooms and has 770 sq m of retail on the ground floor which includes the VIPS restaurant. There are also 124 parking places. The hotel is located in the Moncloa district, next to one of the largest transport hubs in the city and within walking distance of Princesa and Gran Via, prime shopping areas in Madrid.

The acquisition offers CBRE Global Investors’ client a stable cash flow in a liquid and established investment market. The Spanish hotel market is increasingly appealing to institutional investors with the potential of further yield compression against other asset classes and rental uplift.

Acting on behalf of CBRE Global Investors were DLA Piper, PwC, JLL, Christie&Co and Clifford Chance. The vendor was advised by CBRE Hotels.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), società Fortune 500 e S&P 500 con sede a Los Angeles, è la più grande società al mondo di consulenza immobiliare (in base al fatturato 2017). La società impiega oltre 80.000 dipendenti (escludendo le consociate) e fornisce servizi a proprietari di immobili, investitori nel settore immobiliare attraverso circa 450 sedi in tutto il mondo (escludendo le consociate). CBRE offre una vasta gamma di servizi integrati, tra cui consulenza strategica, vendita e locazione di proprietà immobiliari; servizi aziendali; gestione di proprietà, facilities e project management; finanziamenti, stime e valutazioni; servizi di sviluppo; gestione di investimenti; ricerca e consulenze. Per informazioni, visitare il nostro sito web: www.cbre.it o www.cbre.com