Rental contract with operator Alegria for its exploitation from October 2021 with the following economic considerations:
Rental amount: Fixed: 1.300.00
Variable: 15% EBITDA and scaled according to
result up to a maximum of 400,000
Years:
Total: 15 years
Mandatory compliance: 7 years
OPERATOR: ALEGRIA HOTELES
Founded in 2012, it is present in Catalonia, Andalusia and Tenerife with more than 20 units in operation and
More than 2,500 rooms
With a staff in high season of more than 1,200 people
Gross margin around 30%
Turnover of more than 39 M in 2018 and with a closing in 2019 of more than 50
Additionally, the commercial premises are rented to different operators that generate an income of more than 250K per year.