Madrid/Seville, 18th December 2017.- The real estate investment and asset management platform DRAGO together with its local partner Atitlan, both co-owners of Banco Andalucía’s former headquarters building in Seville, has reached an agreement with AC Hotels to open an Autograph hotel, one of Marriott’s luxury brands. The property is located on the Avenida de la Constitución, nearby Seville’s Plaza Nueva. The new hotel will enjoy a privileged location next to one of the city’s main commercial hubs.
Marriott’s Autograph Collection includes a series of boutique hotels all over the world. In Spain, there are seven hotels including three in Madrid; Santo Mauro; Palacio del Retiro; the casino and hotel Círculo Gran Vía; and in the rest of Spain: Cotton House in Barcelona, Palacio Santa Paula in Granada, Palacio del Carmen in Santiago de Compostela, and the AC Baqueira Ski Resort located in Lérida. The new hotel in Seville will be the eighth property within this exclusive collection in Spain.
By means of this agreement with DRAGO, AC Hotels by Marriot will take over the management of the hotel occupying six of the eight floors of the premises. The new Autograph hotel will have 95 rooms with the best qualities and approximately 75% of the rooms will have some of the most unique views of Seville. The building is currently under construction and undergoing an important renovation to accommodate Marriot requirements and standards, and it is expected to be inaugurated in 2018. The project includes a total investment of 35 million euros and the creation of at least 56 direct jobs.
Aside from the hotel, the project planned for the 8,300m2 building, includes 1,800m2 of GLA designated for commercial use on the ground and mezzanine levels. The commercialization of these premises is underway with the CBRE real estate agents in Seville. One of the key objectives is to let to operators which will complement the exclusive hotel tenant as well as add value, not only to the building but to the surrounding area within the beautiful city of Seville.