LEASE WITH A WORLD RENOWNED OPERATOR

• The property is offered for sale subject to a long-term lease agreement (17 years remaining) with Accor, a world renowned operator. 
• The purchaser will benefit from a secured annual rental income from the hotel and 6 retail outlets.

HIGH QUALITY ASSET

• Opened in September 2005, the modern design and high quality specification of the Novotel Bilbao Barakaldo offers an investor a market prime hotel asset.
• Since its opening the hotel has been well-maintained and is in perfect technical and structural condition
• The hotel is unique to the area, integrating a 4-star hotel designed and built to the highest international standard, with conference space, an impressing restaurant combining a minimalist style with Mediterranean flair, and an outdoor pool.

UNIQUE LOCATION

• Spain remains the second largest tourist destination in the world. Bilbao is the fourth most important business centre in Spain after Madrid, Barcelona and Valencia and is the capital of Spain’s Atlantic front.
• Barakaldo lies only 16 km west of Bilbao-Loiu airport and 11 km from Bilbao city centre. The town has successfully positioned itself as a contemporary, dynamic destination which benefits from industry while offering an impressive cultural environment, and an array of retail and entertainment facilities.
• The property is located minutes from the BEC-Bilbao Exhibition Centre and visible from the A8 highway