Buy a hotel in Mallorca – and get the management right away

The Alcúdia Garden aparthotel in the north of Mallorca.
Garden Hotels

Unusual cooperation: The real estate company Engel & Völkers and the hotel chain Garden Hotels from Inca in the middle of the island of Mallorca have signed a cooperation agreement. Were at the signing of the cooperation on Wednesday (September 22nd) in Palma Hans Lenz, General Director of Engel & Völkers in Mallorca and the Managing Director of Garden Hotels, Gabriel Llobera, present. Those responsible at Garden Hotels expect the new cooperation to come in the future more hotels in their portfolio without the chain itself having to own the accommodations.

The company is managed through the subsidiary Garden Hospitality Investorswho bought a hotel or aparthotel in Mallorca, their Services offer, for example, to manage an accommodation with the staff and knowledge of Garden Hotels. Engel & Völkers, for its part, put down in November last year in view of the numerous changes of ownership in the tourism branch a separate department for Hotel sales which already includes some objects and is supposed to grow. Primary target groups are medium-sized Investors from German-speaking countries and Great Britain. “Our customers are not the investment funds,” said Hans Lenz.

Gabriel Llobera stated that it is currently on the market Move give, but significantly less than is commonly believed. There are quite a lot of accommodations that are offered for sale. But: “The hotels should not be sold at any price,” said Llobera. In addition, it has become more difficult at the banks due to the Corona crisis Loans to get. / jk

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