In the dynamic world of real estatethe segment of the Flexible Accommodation is proving increasingly strong and attractive, capturing the attention of investors and operators alike. Orinoquia Real Estate Socimi's recent transactions in Madrid and Malaga are a clear example of this trend.
In Madrid, Orinoquia has formalized the sale of a tourist apartment building strategically located in the Calle Eraso 5, in the district of La Guindalera. This asset, with a total surface area of 1,569 square metres, of which 1,232 square metres house 22 flats. intended for the rental of short and medium stayhas been acquired by a family office a national real estate management company. The transaction, advised by Savills, underlines the investor appetite for this type of property, especially after its complete refurbishment and furnishing by Orinoquia.
A key aspect of this transaction is the signing of a long-term lease agreement with Welcomer Group.a Spanish operator with a solid track record in the serviced apartments. Welcomer Group will continue to operate the building under the Home Art Apartments brand.This will guarantee stability in the operation of the property and strengthen its presence in Madrid's competitive accommodation market. In addition to the flats, the building has parking, gym and a terrace for its guestsThis gives it significant added value.
The trend towards Flexible Accommodation is not limited to the capital. Orinoquia also closed at the end of last year the sale of another tourist apartment building in MálagaThe new building, in this case Bukhowa International Investments, marks the company's entry into the Spanish market. This building, located in the Plaza de la Merced and with grade I architectural protectionhas a surface area of 874 square metres distributed on the ground floor with commercial premises and four floors with tourist flats. As in Madrid, this asset, refurbished by Orinoquia will continue to be managed by Welcomer Group under the Home Art Apartments brand.also by means of a long-term lease contract.
Both operations, advised by Savills, reflect a growing interest in the serviced apartments in strategic locations, consolidating Flexible Accommodation as an increasingly popular option for both investors and travellers looking for short and medium-term stays with the comforts of home and the services of a hotel. The commitment of operators such as Welcomer Group to long-term leasing contracts is evidence of their confidence in the solidity and promising future of this sector.
These strategic moves in Madrid and Malaga are a clear indicator of the vitality of the Flexible Accommodation market in Spain and its ability to attract investment and operational talent.
