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November 18, 2013

Torre Agbar in Barcelona will be the five-star hotel

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The well-known building in the Catalan capital and one of the symbols of the city will be sold at worldwide hotel chain Hyatt, which will transform the Torre Agbar, the work of French architect Jean Nouvel, in a new luxury hotel. Management of the Company “Waters of Barcelona», which currently resides in the building, has come to a favorable agreement with hotel magnate.

Thus, the famous colored lights Torre Agbar will be the first 5-star hotel in Spain of the American hotel chain Hyatt, which already owns a big number of emblematic buildings in major European cities.

According to the Spanish print media “Expansion” and “La Vanguardia”, the purchase of the Torre Agbar in Barcelona, owned by Emin Capital Management Company under the direction of Jordi Badia, by Hyatt hotel magnate will have cost of 150 million euros. Authoritative sources said also the amount of 250 million euros, but the final amount of the transaction is still unknown. Mayor of Barcelona, in the name of the deputy mayor for economic deals Sony Recacens, said yesterday that “the major of Barcelona was aware of the transaction and follows the deal, which will have an impact on the city in general”. The Torre Agbar is one of the symbols of the city and deserves a special attention of the authorities.

The new purpose of the colored tower will certainly affect its external and internal appearance. Sonia Recacens also noted that “the mayor's office of the Catalan capital is proud that Barcelona has attracted more and more reputable foreign investors” and emphasized that “the forthcoming reform of the Glorias Square, which is located directly in front of the Torre Agbar, would make of it an useful area for all citizens and residents of the city”.

The conversion of the Torre Agbar in a new luxury hotel means a replacement license for its use, and some changes to the original urban building built and opened in 2005, and also another inversion of 35 million of euros.

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