Nômade and Sansiri Capital Acquire European Trophy Hotels for Over €1 Million Per Room Amid Unique Value Proposition
🏨 October 2023: Two European hotels sold for over €1 million per room. In Madrid, Nômade-backed buyers acquired a hotel on Gran Vía, while Sansiri Capital bought The Lake Como EDITION from Bain Capital and Omnam Group. Prime hotel yields in Madrid are around 5%, with borrowing costs nearly matching. Despite uncertain yields, buyers pursue unique, irreplaceable assets for strategic control. In Madrid, €10 million remains contingent on future profits; Lake Como reduced 100 rooms, increasing key value. Trophy hotels are bought with ego and unique worth.
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