• Transaction / Assets
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Manel Adell Buys Condeminas Building For Hotel Conversion

11 June 2015 – Expansión

The former CEO of Desigual, Manel Adell…has purchased a property in the Port Vell in Barcelona. The businessman has acquired the Condeminas Building, located a number 11, Paseo Colón.

The building, which was constructed in the nineteenth century and renovated at the beginning of the twentieth century, has always been used for residential purposes. However, according to sources in the real estate sector, Manel Adell’s aim is to completely refurbish the property and convert it into a high-end hotel. A hotel licence has already been requested.

Moreover, the same sources confirm that Adell has already made contact with overseas hotel chains with a view to bringing a new world-leading company to Barcelona.

The consideration paid for the property has not been disclosed.


Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake