On Monday, 12th of July, society Npcap 1, fully owned by Next Point, «formalised the acquisition of a four-star hotel with 290 beds spread across 132 accommodation units» in the island of Mallorca, as per the note sent to the market.
The operation was financed in 51% by a mortgage loan with CaixaBank with a 15 day deadline and a 2.65% Euribor interest rate, 10% came from Next Point’s own resources and 38% from a participative loan from the investing partnership, with a fixed interest rate of 8% and a variable interest rate on 80% of the profit earned with the building’s sale.
On the other hand, at the same time as the purchase, a 25-year rental contract was signed, of which 15 years are mandatory and a minimum initial revenue of 6.5% is required, with hotel company Cesgarden.
