Hotei Properties extends deadline for Nomade Madrid hotel sale to Sept. 4, adds EUR 7.5 million guarantee

Reuters2026/08/24 07:10

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Hotei Properties Group extended the deadline to close the sale of the Nomade Madrid hotel on Gran Vía to Sept. 4, 2026.
Buyer GS Bacares Iberia released a EUR 5 million notary deposit to Hotei, raising total sale guarantees to EUR 7.5 million.
An additional EUR 2.5 million transfer was received Aug. 21, 2026; the EUR 7.5 million is treated as an advance payment.
If the buyer fails to close by the new deadline, Hotei keeps EUR 7.5 million; if Hotei fails, it repays EUR 7.5 million and pays EUR 7.5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hotei Properties Group SOCIMI SA published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Hotei Properties extends deadline for Nomade Madrid hotel sale to Sept. 4, adds EUR 7.5 million guarantee

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