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€18M · boutique coastal resort · 80 keys · under offer · Andalusia €12M · urban 4★ · 110 keys · term-sheet exchanged · Catalonia €6.5M · heritage townhouse · 40 keys · NDA signed · Costa Brava €9M · family-owned finca · 30 keys · data room open · Balearics €15M · aparthotel · 60 keys · LOI submitted · Portuguese Riviera €20M · lifestyle resort · 95 keys · in exclusivity · Amalfi Coast €7.8M · heritage 4★ · 55 keys · buyer registered · Tuscany €11M · urban boutique · 70 keys · mandate active · DACH €14M · Grade-A office · 8,000 m² · closing in progress · London €4.2M · retail arcade · high street · under offer · Home Counties €8.5M · operating F&B group · 4 locations · NDA signed · Costa del Sol €3.5M · specialty coffee chain · 6 locations · in exclusivity · Northern Italy €5.5M · beachfront villa portfolio · 4 units · buyer registered · Algarve €2.8M · private estate · 12,000 m² · data room open · Valencian Community €45M · hotel portfolio · 3 assets · term-sheet exchanged · UAE selective €18M · boutique coastal resort · 80 keys · under offer · Andalusia €12M · urban 4★ · 110 keys · term-sheet exchanged · Catalonia €6.5M · heritage townhouse · 40 keys · NDA signed · Costa Brava €9M · family-owned finca · 30 keys · data room open · Balearics €15M · aparthotel · 60 keys · LOI submitted · Portuguese Riviera €20M · lifestyle resort · 95 keys · in exclusivity · Amalfi Coast €7.8M · heritage 4★ · 55 keys · buyer registered · Tuscany €11M · urban boutique · 70 keys · mandate active · DACH €14M · Grade-A office · 8,000 m² · closing in progress · London €4.2M · retail arcade · high street · under offer · Home Counties €8.5M · operating F&B group · 4 locations · NDA signed · Costa del Sol €3.5M · specialty coffee chain · 6 locations · in exclusivity · Northern Italy €5.5M · beachfront villa portfolio · 4 units · buyer registered · Algarve €2.8M · private estate · 12,000 m² · data room open · Valencian Community €45M · hotel portfolio · 3 assets · term-sheet exchanged · UAE selective
Illustrative · Under NDA
Hotel Transactions · Madrid · Off-Market

Hotels for Sale in Madrid
Buy-side and sell-side brokerage

Realivo represents principals on both sides of Madrid hotel transactions. Mandates are sourced off-market, introduced under NDA, and processed at the sub-institutional level — €2M to €18M, 60 to 150 keys. No public listings, no auction cycles.

Illustrative orientation ranges drawn from public industry reports (INE, STR, Cushman & Wakefield Spain Hospitality). Not a forecast and not asset-specific.
€2M–€18M
Typical 4★ urban ticket size
~70–78%
Stabilised occupancy range
€150k–€450k
Illustrative price per key
4–7 weeks
NDA-to-LOI typical timeline
Submarkets

Where Madrid hotel transactions cluster

Madrid hotel mandates concentrate in five inner-city districts that share strong year-round corporate and leisure demand. Salamanca and Centro anchor the upper end; Chamberí and Retiro hold heritage and conversion stock; Chamartín captures the corporate and airport-corridor demand. Realivo sources sub-institutional opportunities across all five.

Salamanca

Refined residential grid east of the Castellana, traditionally the address of Madrid’s upper-segment independent hotels.

Independent 4★ and boutique 5★, 40–90 keys, family-office and operator-buyout profile.

Centro

Historic core covering Sol, Gran Vía and Barrio de las Letras — the highest-density transactional fabric in the city.

Urban 3★–4★ and heritage building conversions, 50–120 keys, value-add and repositionable stock.

Chamberí

Quiet bourgeois quarter between Centro and Castellana, prized for late-19th-century fabric and resident-grade streetscapes.

Boutique 4★ in heritage buildings, 25–60 keys, lifestyle and value-add buyers.

Retiro

Green-edge district anchored on the Retiro park, blending residential calm with high-grade leisure footfall.

Independent 4★ and small luxury, 30–80 keys, family-office and operator profile.

Chamartín

Corporate spine north of the centre, integrated with the AVE high-speed terminus and the Barajas airport corridor.

Upper-midscale and 4★ corporate hotels, 80–150 keys, institutional and hospitality-fund profile.
Asset types

What we transact in Madrid

URBAN HERITAGE

Pre-1940 heritage buildings for conversion

Independent assets in heritage fabric across Barrio de las Letras, Malasaña and Chamberí. Typically 25–60 keys, value-add or partial-conversion opportunities for lifestyle operators and family offices.

BOUTIQUE 4★

Independent boutique and upper-midscale

Operating 4★ hotels in Salamanca, Centro and Retiro, 40–90 keys, with either repositionable F&B or sustained operating performance. Buyer profile spans operator buyout and family office.

CITY PORTFOLIO

Multi-asset blocks under single ownership

Two- to four-asset portfolios held by Spanish family groups, often with mixed independent and branded operating models. Suited to hospitality funds and co-investment structures at the €30M+ aggregate level.

CONVERSION PLAY

Repositionable 3★ with category-lift potential

Mid-scale Madrid assets where a structured capex programme can move the property from 3★ to 4★. Typically 50–120 keys, with value-add and core-plus fund mandates as the active buyer pool.

How to buy a hotel in Madrid

Buy a hotel in Madrid

Buying a hotel in Madrid through Realivo begins with principal registration and a bilateral NDA before any asset-specific information is shared. Madrid’s institutional hotel market is dominated by listed transactions; the sub-institutional segment — assets between €2M and €18M — trades differently, and often quietly. Realivo runs off-market mandates in Madrid for sub-institutional buyers and sellers, through a structured, NDA-first process. Foreign buyers acquire Madrid hotels through a signed NDA, a buy-side mandate, and a Spanish SPV holding the asset or shares.

Who we represent

Realivo’s Madrid buyer pool spans family offices acquiring operating assets, hospitality funds with core-plus and value-add mandates, independent operators expanding a branded or independent portfolio, and international principals requiring a verified local intermediary. We represent principals — not listings — and do not act on speculative inquiries.

NDA-first process

The sequence is fixed: principal registration and identity verification, bilateral NDA execution, anonymised teaser, named asset introduction, non-binding LOI, proof-of-funds and KYC, then data-room access and due diligence. Realivo coordinates buyer, seller, counsel and the Spanish notary through to closing.

What we share before vs after NDA

Before NDA: asset type, district, key-count bracket, indicative price range, mandate status and general asset condition. After NDA: full asset address, owner and operating entity, P&L and operating data, structural reports and asking-price parameters. No hotel name, address or owner identity is disclosed outside the NDA framework.

How to sell a hotel in Madrid

Sell a hotel in Madrid

Selling a Madrid hotel through Realivo is a discreet, mandate-led process — never a public listing and never a portal exposure. Owners sell discreetly through an off-market mandate where the asset is never publicly listed, with a blind teaser, a controlled NDA process, and a curated buyer pool drawn from Realivo’s registered principal database. Realivo’s NDA-first process protects Madrid hotel owners during confidential disposal. Marketing, staff and guests remain unaware until exclusivity and SPA stages.

Mandate process

Realivo accepts Madrid sell-side mandates on an exclusive or co-exclusive basis. The engagement letter — exclusivity scope, term (typically six to twelve months), deliverables, fee and 24-month NCNDA tail — is agreed in writing before any buyer introductions proceed. No marketing activity begins without a signed mandate.

Off-market discretion

Assets are introduced to pre-qualified buyers only. There is no listing on Idealista, no portal exposure, no unsolicited broker chains. The owner identity, reserve price and asset address remain protected, and the named-buyer disclosure occurs only once KYC and proof-of-funds clear. Refer to /trust for the full compliance posture.

Commission structure

Commission is agreed in writing per transaction prior to any introductions and is payable at notary closing on a “no success, no fee” basis. Co-brokerage is available on a 50/50 split with verified broker partners under NCNDA. Internal split mechanics and percentage figures are not published — see /partners for co-brokerage terms.

Illustrative market cases

Operating outcomes, anonymised

Selected illustrative market cases drawn from the operating partner network. Property-level operating outcomes, anonymised. Not indicative of all assets, not a forecast.

CASE 01 · REPOSITIONED

Urban boutique 4★ · Centro · 42 keys · sell-side off-market mandate, repositioned under new ownership with licence and operating status transferred intact

+28%
RevPAR uplift · stabilised 78–82% occupancy
CASE 02 · MANAGED EXIT

Heritage independent 3★ · Chamberí · 68–80 keys · co-exclusive sell-side mandate for multi-generation family owner, structured exit under controlled NDA disclosure

14 wks
NDA-to-LOI · single-buyer process
CASE 03 · CATEGORY LIFT

Heritage building partial conversion · Salamanca · 22–30 keys · buy-side mandate for Frankfurt-based value-add family office, category lift planned 3★ to 4★ post-acquisition

+22%
ADR uplift · 3★ → 4★ category transition
Why Realivo · Madrid desk

Why Realivo for Madrid hotel transactions

Realivo positions as the sub-institutional desk that operates below the radar of the large agency houses — focused on independently owned urban assets between €2M and €18M, where the owner requires discretion and a structured process without auction exposure. Realivo brokers 60–150 key hotel transactions in central Madrid under written mandate, with bilateral NDA, principal-to-principal introductions, and a 50/50 co-brokerage structure with introducing brokers. Mandate origination is the work; Madrid mandates proceed off-market, to pre-qualified buyers, under NDA. Realivo Group Ltd is a UK-registered entity (Companies House № 16712204), with offices in London, Frankfurt and Valencia.

Frequently asked

Hotels for sale in Madrid — answered

What types of hotels are available for acquisition in Madrid?
Madrid’s transactional pipeline is concentrated in 3–5 star urban assets across Centro, Salamanca, Chamberí and the airport corridor. Realivo focuses on sub-institutional, value-add and off-market boutique and upper-midscale hotels in the 60–150 key range. Stock is tight and most quality opportunities trade under NDA rather than open listings.
How do I buy a boutique hotel in Madrid as a foreign investor?
Foreign buyers acquire Madrid hotels through a signed NDA, a buy-side mandate, and a Spanish SPV holding the asset or shares. Realivo runs a mirror-broker process that connects qualified buyers to off-market sell-side mandates under written co-brokerage. Expect KYC, source-of-funds checks, and a Spanish notary closing.
How does an owner sell a hotel in Madrid discreetly?
Owners sell discreetly through an off-market mandate where the asset is never publicly listed. Realivo prepares a blind teaser, runs a controlled NDA process, and approaches a curated buyer pool through its mirror-broker network. Marketing, staff, and guests remain unaware until exclusivity and SPA stages.
What documents are required to mandate a Madrid hotel sale?
A sell-side mandate typically requires title deeds, last 3 years P&L, STR or internal RevPAR data, licences, and a teaser-grade asset summary. Realivo prepares the data room under NDA and never circulates the address before a qualified buyer signs. Mandate terms are written and per-transaction.
What is the typical price range for a boutique hotel in Madrid?
Boutique hotel pricing in central Madrid illustratively ranges €150k–€450k per key depending on location, condition, and operating model. Realivo values assets on a blended income, comparable, and capex-adjusted basis rather than headline asking prices. Industry reports indicate yields compress sharply inside the M-30.
How long does a Madrid hotel transaction take from NDA to closing?
A Madrid hotel transaction typically runs 4–7 months from NDA to notary closing. The path is NDA → teaser → IM under NDA → non-binding offer → exclusivity → due diligence → SPA → notary. Realivo coordinates buyer, seller, lawyers, and the Spanish notary throughout the timeline.
What is the typical commission to sell a hotel in Madrid?
Hotel brokerage commissions in Spain illustratively range 1%–3% of transaction value, dependent on ticket size and complexity. Realivo agrees commission in writing per transaction and operates on a 50/50 co-brokerage split with the introducing broker under a 24-month NCNDA tail. No success, no fee.
What compliance steps apply to acquiring a Madrid hotel?
Acquirers must complete KYC, AML source-of-funds documentation, Spanish tax ID (NIE/CIF), and notary execution at closing. Realivo runs buyer KYC before disclosure and works with Spanish counsel on FDI screening where the asset or buyer profile triggers it. Foreign Investment Registry filing is standard post-closing.

This page was prepared by the Realivo Group transactions team. Sergio Molodan — CEO, Realivo Group Ltd. Sergio leads buy-side and sell-side hotel mandates across Spain and international markets. He works directly with family offices, hospitality operators, and hotel owners at the sub-institutional level. [Profile: /sergio]. Taras Ivanyna — COO, Realivo Group Ltd. Taras oversees operational compliance, mandate administration, and co-brokerage partner relationships. He coordinates due diligence and transaction support across active mandates. [Profile: /about]. Realivo Group Ltd is registered in England and Wales (Companies House № 16712204). Offices in London, Frankfurt, and Valencia. This page does not constitute investment advice. All asset information is indicative and subject to NDA and verified principal registration. [Compliance framework: /trust]

Next step

Discuss a Madrid hotel transaction

Whether you are acquiring or divesting a hotel asset in Madrid, Realivo provides principal-to-principal brokerage under a structured NDA framework. Introductions begin with registration — no cold approaches, no public exposure.

REALIVO — Off-Market Hotels

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A senior consultant will contact you to clarify your brief and budget. For hotel transactions we work NDA-first