Essendi unveils ibis Styles Barcelona Sant Joan Despí
🛠 Essendi reopened the ibis Styles Barcelona Sant Joan Despí, a renovated 161-room hotel, near Barcelona, originally acquired in 2015. The hotel transformation completed its rooms in September 2024 and its common areas in November 2024. Following a 33% cost cut and a 3% EBITDA margin rise, asset value is expected to double. Sustainability measures include low-consumption LED lighting, with a Green Key certification achieved in 2024 and BREEAM In-Use certification targeted by late 2025. Revenue Generation Index is projected to increase by 30% by 2027.
Share
