Travelodge Barcelona Poblenou

Carrer de Llull, 170, 08005

Description

JLL are please to offer for sale the Travelodge Barcelona Poblenou, a 250-key purpose built and newly refurbished economy hotel at the heart of Poblenou district of Barcelona. Presenting a rare opportunity to acquire an institutional-grade hotel asset in one of Europe’s premier gateway cities, benefiting from a full FRI lease, robust covenants, and a highly constrained future supply.

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Attributes

Units

250

Year built

2012

Media

Investment highlights

Prime location in Barcelona supported by strong real estate fundamentals and short supply-demand technicals.
Securely let on a long-term FRI lease to Travelodge Hotels España, SL, expiring February 2038, with an unexpired lease term of 12 years and 4 months.
Lease benefits from a parent company guarantee from Travelodge Hotels Limited.
Rent is €2,727,324 per year (€10,909 per room), reviewed on an upwards-only basis, indexed to Consumer Price Inflation with cumulative increase implementation.
Next rent review due February 2026, with expected uplift to c. €2,781,871 per year.
Property is held under freehold title and registered as a single asset.