Squire Patton Boggs has advised Inversiones Gasolgest on the sale of Hotel Innside Madrid Genova to Sardinero Hoteles.
As part of the transaction, the management and day-to-day running of the hotel will also transfer from previous operator, Meliá Hotels and Resorts, to Sardinero Hotels.
This four-star hotel has 65 rooms, four of which are suites, as well as a breakfast area, a cocktail lounge, 2 meeting rooms, a gym and two magnificent terraces, all spread over a total surface area of 3,700 m2.
In its new phase, the Hotel Innside Madrid Génova will be operated by the buyer group itself, which has prior experience in hotel management. This is a strategic asset for the Armando Álvarez group, which sees the arrival of the Sardinero Hoteles brand to the Spanish capital, as well as due to the intrinsic real estate value of the building.
Inaugurated in 2013 after a reform that involved the change of the use of the property from residential to hotel, the building is located in the Alonso Martínez square in Madrid, close to the commercial, business and cultural and leisure areas of the capital.
JLL Hotels & Hospitality Group has advised the seller on the transaction.
The Squire Patton Boggs team advising Inversiones Gasolgest was led by Madrid Real Estate partner Alfonso López (picture), assisted by Antonio Fernández-Rodríguez (Real Estate) and Juan Nasarre (Labor & Employment).
Law Firms: Squire Patton Boggs;
Clients: Inversiones Gasolgest;