SafeGuard Real Estate Management (SafeGuard)

Aloft Madrid

Conversion of office building in the centre of Madrid, sold to Henderson Park

  • This hotel opened in June 2019, after a 3-year renovation period, fully booked from the first day. It is a 4+ star property with 139 keys and is under management by the leading global hotel operator.
  • We acquired the former office building off market in 2016 by directly approaching the owner through our extensive network of contacts. We obtained exclusivity and avoided a competitive bidding process.
  • With its location in the heart of Madrid’s touristic and commercial activity, we identified the building as having potential to convert into a hotel.
  • SafeGuard secured bank financing, appointed advisors, project managers, architects, consultants, construction firm and future operator. We then secured the permit for use and conversion to a hotel.

HIGHLIGHTS

€ 30 Million

Purchase Cost

€ 15 Million

Conversion Cost

€ 58 Million

Disposition Value


3.5 Years

Holding Period

€ 20 Million

Equity

€ 13 Million

Capital Gain

15%+

IRR


About

  • SafeGuard Real Estate Management (SafeGuard) is a global real estate owner & investment manager with its headquarter in Singapore.
  • SafeRE is fully digitalized, eliminates transaction cost and intermediary fees, and delivers more transparency to real estate asset owners and investors.
  • SafeGuard is employee-owned and currently manages the SafeGuard Platinum Real Estate Fund, the Asia Hospitality Capital platform, and various mandates investing in global real estate.
  • More than 100 years of professional senior executive experience in real estate, finance and technical management roles with US$ 6 billion+ of corporate and real estate acquisitions and divestments globally.
  • Transactions in Spain, U.K., Germany, Singapore, Hong Kong, Korea, Taiwan, Pakistan.
  • Billion-dollar IPO at 3x multiple; Billion-dollar hospitality REIT listing.

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