Pérez-Llorca advises on the acquisition of Hotel Único in Madrid

Pérez-Llorca has advised the buyer on the acquisition of the famous luxury hotel Único in downtown Madrid

Único Hotels, a chain of luxury boutique hotels owned by Pau Guardans, has closed the sale of the building located at 67 Claudio Coello Street in Madrid, where the Hotel Único Madrid is located, to an investor advised by AIGA Advisory, an A&G Group company specialising in real estate transactions and alternative assets.

The sale of the building responds to a move aimed at guaranteeing the company’s liquidity in the face of the serious situation that COVID-19 has brought to the entire tourism sector. From the outset, this process was designed with the idea that Hotel Único would continue in this enclave in the Salamanca neighbourhood on a leasehold basis, as has been agreed.

The deal has been structured as a ‘sale & leaseback’, which guarantees a 20-year lease period, during which time Guardans will have the option to repurchase the property at a price at various times during the life of the lease. The financial terms of the agreement have not been disclosed.
Hotel Único Madrid has 44 rooms, The Bar, various facilities, a well-kept interior garden and houses the prestigious Ramón Freixá Madrid restaurant, awarded with two Michelin stars.

Pérez-Llorca acted as the buyer’s legal advisor with a Real Estate team comprising partners Alejandro Osma and Javier Muñoz Méndez, along with associate Aurora Vázquez.

The seller was advised by EY and CBRE.