Three-star hotel near large commercial center in Barcelona

This 3* hotel is located near one of the largest shopping malls in Barcelona. The hotel is managed by a famous hotel chain. The current contract is until January 2020. When the contract expires the tenant is prepared to renovate it on the same conditions or pass it over to the owner to manage. The rental fee is 450.000 EUR annually plus 100.000 depending on the results of the hotel gain. 

The total area of the property is 4.550m2, it features 92 rooms, several conference halls and a restaurant. The building has 5 floors 715 m2 each plus 2 underground floors that are used for parking and storage. The hotel was built in 2003.