Investment project 1686 m²

Building in the Touristic Center of Barcelona:
Located in the heart of Barcelona's tourist district - the Gothic Quarter, near Jaume I metro station and the Cathedral. This is the most important historical part of the city, where the ancient Roman settlement of Barcino was founded. The Gothic Quarter is situated between two streets - La Rambla and Via Laietana. Despite many buildings dating back to the 14th-15th centuries, it is also home to a variety of atmospheric restaurants, trendy shops, and vibrant nightclubs. This is the most popular area among tourists, and hotels here have high occupancy rates throughout the year. Another advantage of this property is its proximity to the most famous tourist street in Barcelona - La Rambla. Its terraces are lined with numerous restaurants and cafes, and it is home to souvenir and flower shops, the famous Boqueria market, and the Liceu Opera House. The nearby Museum of Contemporary Art (MACBA), the Guell Palace, and many other attractions are also within close proximity.

Property Description:
Building:
- Year of construction: 1850
- Year of last renovation: 1990
- Total building area: 1,685.70 sqm
- Total land plot area: 329 sqm
- Facade facing 3 streets
- Current condition: 5 floors, basement, and top technical floor
- Usage: 5 commercial spaces and a 1-star hotel
- NOT PART OF THE SALE AGREEMENT: a designated vertical zone within the building (indicated on all floor plans)

Hotel:
- Current condition: 1-star hotel
- Rooms: 11 single and 28 double, totaling 39
- Operator contract: expired on October 31, 2016
- Average annual hotel occupancy: 80%

The current owner of the building commissioned a pre-reconstruction project from a renowned architectural firm in Barcelona. Currently, this project is in the initial stage of implementation. The main points of the pre-project (recommendations) include:
- Complete reconstruction of facades
- Replacement of all electrical and plumbing systems, and coverings
- Full interior reform, considering the building's usage as a hotel, including the basement floor
- Exclusion of a designated part of the building (indicated on the plans)
- Utilization of the building's roof as a chill-out zone with a small pool
- Commercial spaces numbered 1 and 2 to be used as common areas for the hotel, expanding the lobby, lounge zone, etc.

The pre-project will be adapted to the goals of the new owner, in accordance with the necessary permits from the city council for the corresponding project.

Profitability Calculation Options:
- Hotel operation and rental of commercial spaces - Profitability: 9.21%
- Hotel sale - ROI: 9%