The iconic Sofitel Barcelona Skipper announces a significant milestone in its journey toward sustainable excellence with the successful completion of a green loan refinancing. This strategic move not only underscores the property's commitment to environmental stewardship but also unlocks new avenues for value creation and long-term profitability.
Since acquisition, the Sofitel Barcelona Skipper has undergone a remarkable transformation, significantly increasing in value through meticulous renovation and rebranding. Following comprehensive refurbishment, the hotel earned accolades like the Green Globe Certification and "Hotel of the Year" at the 2023 European Hotel Awards, standing as a beacon of excellence in hospitality and sustainability.
Propreal Capital Partners strategically chose to refinance the loan for the Sofitel Barcelona Skipper, securing a €52 million green loan. This strategic move aligns with the property's commitment to sustainability and presents advantages in leveraging debt to optimize long-term capital and boost investment capacity.
Cédric Vivien, Head of Investments and Portfolio Management at Propreal Capital Partners, said: "The rigorous evaluation of refinancing options led us to CaixaBank's convincing offer for the Sofitel Barcelona Skipper. This strategic decision not only optimises the hotel's financial structure, but also reinforces its commitment to sustainable investment. As we continue to navigate through dynamic market conditions, this refinancing initiative positions this asset for long-term success and value creation."
About Propreal Capital Partners
Propreal Capital Partners is an independent pan-European real estate investor and asset manager with a steadfast commitment to long-term value creation and responsible investing. Since its inception in 2012, the company has acquired and managed over €3.0 billion of real estate assets, demonstrating a consistent track record of excellence in investment performance and asset management. With a team of seasoned professionals and a data-driven approach, Propreal stands at the forefront of innovation in the real estate industry.
About CaixaBank
CaixaBank, Spain's leading financial group, actively supports environmentally friendly initiatives and projects aimed at mitigating climate change and fostering social development. As a trusted partner in sustainable finance, CaixaBank's collaboration with Propreal Capital Partners underscores its dedication to driving positive change in the real estate sector and beyond.
