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Hotel Palladium Costa del Sol

Repositioning of a historic hotel in Costa del Sol to enhance the value of the asset

4*

category

336

keys

Resort

Asset Type

Repositioning

Investment Opportunity

The property, which dates from the 1970s and had not been invested into for nearly 20 years, has undergone a significant facelift and been renamed Palladium Costa del Sol. The renovation includes the property’s 336 guestrooms, lobby, front desk, the addition of new F&B areas, a new pool area and a new rooftop terrace.

The refurbishment works have been completed in 7 months as a result of an effective project management and a strong licensing strategy which helped minimize risks during all phases of the construction. A Estudio de Detalle is also being implemented to enhance asset value.

The hotel re-opened in July 2019 under Palladium’s management, being their first resort hotel in the Iberian Peninsula and their first hotel operated under a management agreement.

Alsotel led the project from origination and acquisition, to business plan creation and execution, and currently provides asset management services to the investment partner.

Location: Benalmádena | Acquisition Date: Nov 2017 | Built area: 25,000 sqm

Hotel Palladium Costa del Sol

Repositioning of a historic hotel in Costa del Sol to enhance the value of the asset
4* category
336 keys
Asset Type: Vacacational
Investment Opportunity: Repositioning

The property, which dates from the 1970s and had not been invested into for nearly 20 years, has undergone a significant facelift and been renamed Palladium Costa del Sol. The renovation includes the property’s 336 guestrooms, lobby, front desk, the addition of new F&B areas, a new pool area and a new rooftop terrace.

The refurbishment works have been completed in 7 months as a result of an effective project management and a strong licensing strategy which helped minimize risks during all phases of the construction. A Estudio de Detalle is also being implemented to enhance asset value.

The hotel re-opened in July 2019 under Palladium’s management, being their first resort hotel in the Iberian Peninsula and their first hotel operated under a management agreement.

Alsotel led the project from origination and acquisition, to business plan creation and execution, and currently provides asset management services to the investment partner.

Location: Benalmádena | Acquisition Date: Nov 2017 | Built area: 25,000 sqm

Antes Después
Antes Después