CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
CW-Hospitality-Sale-Process CW-Hospitality-Sale-Process

Stories

Hotel Asset Analysis and Sale/Acquisition

Extensive experience in asset sale/acquisition deals. We focus our process strategy around a clear goal of maximising the price and value of the asset.

01 The Opportunity

The Andorran company Daguisa Hotels Group was considering the reorganisation of its hotel asset portfolio through a process culminating in the sale of the Hotel Kyriad Andorra Comtes d’Urgell, a 169-room, 3-star establishment.

The Principality of Andorra is a unique market with more than 200 hotel establishments. 33 of these are located in the parish of d’Escaldes – Engordany, representing 15% of the total hotel offerings of the country. Within a territory covering only 468 km2 the market is highly competitive and a key goal consists of reducing the seasonality of tourism attracted traditionally by winter sports and the lure of the destination from the point of view of nature and retail.

CW-Hospitality-Sale-Process CW-Hospitality-Sale-Process

02 The Solution

Cushman & Wakefield participated in the valuation of the company’s asset portfolio. Based on this valuation process and an analysis of the market situation, Daguisa was advised on the best possible options in terms of the sale of one of its assets.

Cushman & Wakefield’s knowledge of the Andorran market and possible interested players facilitated this sale, maximising the price and, in tandem, advising on the future strategy for the group.

 

 

03 The Result

The sale process for the Hotel Kyriad Andorra Comtes d’Urgell was begun and concluded in November 2019 with acquisition by Soldeu Hotels, the owner of a number of hotels within the country and whose majority shareholder is the family business group Montané.

The company effectively managing the hotel is Hotansa, a firm belonging to the same business group.

CW-Hospitality-Sale-Process CW-Hospitality-Sale-Process

More Stories

CW-Hospitality-AssetServices-Story
Hotel Management Experience • Hospitality
Discover how we help our clients to maximise the value of their hotel assets through smart, proactive management.
Learn More
CW-Hospitality-Leasing-Operator-Story
The Right Hotel Operator • Hospitality
Our advisory services and partnering with hotel owners in the search for national and international brands can lead to the transformation and repositioning of the hotel product.
Learn More

Meet the team

Albert Grau
Albert Grau

Partner, Co – Head of Hospitality
Barcelona, Spain


Download VCard

Bruno Hallé
Bruno Hallé

Partner, Co – Head of Hospitality
Barcelona, Spain


Download VCard

Find Out More About Our Hospitality Services

For advice on hotel investments and all aspects of hotel sales and acquisitions.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.
MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS