AC to Open an Autograph Hotel in Drago’s Property in Sevilla

14 December 2017 – Expansión

Drago has reached an agreement with AC by Marriott to open an Autograph branded hotel in the former headquarters of Banco de Andalucía in Sevilla, according to market sources.

The hotel, which will have 95 rooms, will be located on Avenida de la Constitución in Sevilla, just 200 m from the Giralda. Specifically, the hotel will occupy six of the eight floors in the building that Drago acquired in a joint venture with a private investor in 2016.

Moreover, the building will house a retail space on the ground floor, which will occupy a gross leasable area (GLA) of approximately 1,800 m2. In total, the building has a surface area of 8,300 m2 and it is being marketing by CBRE Sevilla.

The firm plans to spend €35 million, including the acquisition price, on this project, which will result in the creation of at least 56 direct jobs.

The hotel will be the eighth in Spain to be managed under the brand. Currently, there are four Autograph hotels in Madrid – Santo Mauro, Palacio del Retiro, Casino and Circulo Gran Vía–, as well as the Cotton House (Barcelona), the Palacio de Santa Paula (Granada), the Palacio del Carmen (Santiago de Compostela) and the AC Bacqueira Ski Resort (Bacqueira Beret).

Original story: Expansión (by Rebeca Arroyo)

Translation: Carmel Drake

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