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Next Point Buys Hotel in Mallorca for Nine Million Euros

Next Point financed the acquisition through a mortgage, its own resources and an equity loan.

baleares mallorca

According to a note the company sent on Wednesday to BME Growth, formerly MAB, the socimi Next Point has acquired a four-star hotel in Mallorca for nine million euros, excluding taxes.

On Monday, 12 July, the company Npcap 1, wholly owned by Next Point, “formalised in a public deed the acquisition of a four-star hotel and 290 hotel beds distributed in 132 accommodation units” in Mallorca, according to the note sent to the market.

The operation was 51% financed through a 15-year mortgage loan with CaixaBank at an interest rate of Euribor 3 months + 2.65%. The firm financed 10% with equity and the rest through a participative loan from the investment partnership, which accrues a fixed rate of 8% plus a variable rate of 80% on the profit once the divestment has been carried out.

Read the full article in Spanish


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