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Hotel Economique Catalunya #2

presented by October Spain

€300,000

6%

48 months

B

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location

Location

Granollers, Spain

activity

Activity

Restaurants and catering services

Presentation of the company

Created in 2012, HOTEL ECONOMIQUE CATALUNYA SL. is active in the Hotel sector. The company, managed by Laurent Gauze, has 10 employees and is based in Granollers.

Laurent Gauze, managing director, has overall 20 years of professional experience in the sector.

The company’s main activity is:

  • Management of 2 hotels in Catalonia under the brand IBIS (Accor Group).

The company works with a diversified customer base of both business and vacational travelers.

The company is part of a group which manages a total of 9 IBIS hotels in Spain and Portugal. This group of hotels achieved acumulated turnover of €11,7mm with a significant level of profitability.

Project Description

The company requests 300.000 € to finance the rufurbishing of its hotels. This project will be realised in the next few months.

As a reminder, the October lending community supported Hotel Economique Catalunya SL in July 2018 with 300.000€ to finance the first phase of the refurbishing of their hotels.

As part of their future investment plan, the borrower may come back to the October platform within the coming quarter, up to a maximum exposure of 910.000 €. Our analysis takes this into account; the rating of the borrower would not be affected, while the FCCR would become 1.

The amount offered on the platform is limited to 147.000€, which is in line with the regulatory limits.