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Case Study

Rare Opportunity in Madrid

Jones Lang LaSalle's Hotels & Hospitality team was appointed by InterContinental (IHG) as sole exclusive advisor for the disposal of their share of the Holiday Inn® Madrid. 
IHG intended to dispose of its 100% interest in Holiday Inn® España SA, the owning company of IntHotel SA, the subsidiary that owns the public areas and 41.78% of the guestroom area of the Holiday Inn® Madrid.
 

This represented a truly rare opportunity as the rest of the ownership belonged to additional 120 different owners. Additionally, it was a requisite of the vendor to structure the transaction in a way that will allow them to keep their flag as it was an strategic location for them.
 

Jones Lang LaSalle achieved to simultaneously convince the investor to acquire a minority stake while at the same time signing a franchise agreement with IHG and a long term lease contract with the majority of the 120 different owners that will allow the buyer to control the operation at the site.

For more information please contact Luis Arsuaga luis.arsuaga@eu.jll.com
 

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