Hotei Properties Group sells Nomade Madrid hotel for EUR 105 million

Reuters2026/09/10 16:38

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Hotei Properties Group completed the sale of Nomade Madrid on Gran Vía 11 to GS Bacares Iberia for EUR 105 million.
Deal includes an earn-out of up to EUR 10 million tied to the hotel’s gross operating profit over the next three years.
Transaction also provides for deferred payment of a EUR 1 million penalty.
Mortgage debt of about EUR 41.6 million was fully repaid on closing.
Sale is expected to generate about EUR 8 million in gains, supporting a shift toward luxury and ultra-luxury assets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hotei Properties Group SOCIMI SA published the original content used to generate this news brief on September 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hotei Properties Group sells Nomade Madrid hotel for EUR 105 million

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