Transaction / Assets Seller Buyer € MM
Quonia Buys Hotel Internacional In Barcelona For €11.25M
19 July 2016 – La Vanguardia
(…). The Catalan Socimi Quonia, which debuted on the Alternative Investment Market (MAB) on Monday, has acquired Hotel Internacional, located on Las Ramblas, 78-80, in Barcelona, for €11.25 million from the hotel group Husa, owned by the businessman Joan Gaspart.
In a statement, Quonia reported that the price includes the purchase of the property and its operating licence, and that the transaction has been advised by the firm Laborde Marcet. This hotel has a leasable surface area of 1,915 sqm; its upper floors are leased for hotel use, whilst its ground floor houses retail premises. The property was one of Husa’s last real estate assets in Barcelona, which is undergoing a major restructuring after emerging from complex bankruptcy proceedings.
Quonia debuted on the MAB on Monday at a price of €1.65 per share, which represents a market capitalisation for the company of €41.97 million. The Socimi holds a portfolio comprising properties leased for residential and commercial use located in Barcelona, Sevilla and Langreo (Asturias), with a total approximate gross leasable area (GLA) of 12,197 sqm, excluding one ground-level car park with 50 spaces and another underground car park with 93 spaces. (…).
Original story: La Vanguardia
Translation: Carmel Drake