Tag: high-end hotel

Emesa Acquires Another Plot In Barcelona’s 22@ District

17 November 2017 – Eje Prime

Emesa Corporación Empresarial is continuing to buy land in Barcelona. The investment firm owned by the lawyer Emilio Cuatrecasas has acquired a plot of land on Calle Pallars, in Barcelona, in the technological 22@ district to build a new office complex measuring 9,200 m2, according to a statement issued by the group.

The new plot is located just a few blocks from Diagonal 191, a building that also forms part of the real estate asset portfolio owned by Emesa and which houses the headquarters of the law firm Cuatrecasas. The firm’s new project in this neighbourhood is expected to be finished by the end of 2020.

In recent months, the company has starred in several high-profile operations in the real estate sector in Barcelona, such as the purchase of the Diagonal 444 building, the former headquarters of Cuatrecasas; the acquisition of the Diagonal 632 building, which houses the headquarters of Quirónsalud’s Ophthalmological Institute in Barcelona; and several plots in Esplugues de Llobregat to build a business park with an above ground surface area of 37,000 m2, according to Eje Prime.

Founded in 1980, Emesa Corporación Empresarial is an industrial and real estate development company that holds a portfolio of assets worth more than €800 million, including the multinational in the restaurant sector Elior and the company Diagonal 191, the promoter of an office complex in 22@.

Moreover, last year, the company purchased the Ullastret Palace in Girona, with the aim of promoting a high-end hotel establishment, which will be the first of a select chain of hotels in El Empordà. Emesa Corporación Empresarial recorded revenues of €8.07 million last year.

Original story: Eje Prime

Translation: Carmel Drake

Emilio Cuatrecasa Launches Rural Hotel Chain In El Ampurdán

28 July 2016 – Expansión

Emilio Cuatrecasa has launched a proposal to make the most of the beautiful landscape in El Ampurdán and the Costa Brava.

Yesterday, the lawyer and businessman announced the launch of a new hotel chain, which will specialise in managing small high-end hotels located in the region of Baix Empordà, which groups together idyllic landscapes in the imaginary triangle bordered by the towns of Sant Feliu de Guíxols, Girona and Torroella de Montgrí, in the central part of the Costa Brava.

Through his holding company Emesa Corporación, Cuatrecasas has just acquired Palau de Ullastret, a farmhouse with large arches rising above the medieval walls of this inland town, close to La Bisbal d’Empordà, famous for the archaeological remains of its Iberian settlement.

Emesa plans to invest €7 million – a figure that include the purchase price – in transforming this historical building into a luxury hotel, whose opening date is yet to be determined. The small palace, which will undergo an extensive restoration, is located on a 2,500 sqm estate, known locally as Can Romaguera.

The project represents the cornerstone of a much more ambitious initiative, which involves weaving a network of ten luxury hotels over the next three years, in this coastal region, dotted with hundreds of farmhouses and ancient buildings.

The new chain owned by Cuatrecasas does not have a name yet and will be forged through the purchase of new unique properties, as well as the integration of hotels already in operation that will be adapted to the philosophy of the project. “With this initiative, we are trying to professionalise hotel activity in El Ampurdán, which is currently very fragmented and in the hands of individuals”, explained Ferran Forrellad, CEO of Emesa.

According to the director, the project has been inspired by regions such as Tuscany in Italy, “where there is more organisation and, therefore, much greater international promotion and awareness of the region”.

The new chain will focus on offering rest and comfort to its clients with facilities and rooms equipped with the latest technology and with a modern design, but “without the interferences of a hotel service”. Thus, gastronomic, health and gym services will only be offered on-demand and will be subcontracted to specialist companies.

Original story: Expansión (by Sergi Saborit)

Translation: Carmel Drake

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.

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Original story: Expansión (by Marisa Anglés)

Translation: Carmel Drake