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Barcelona: the Torre Agbar escapes the moratorium

The Hyatt group will be able to complete its luxury hotel project under the Grand Hyatt banner in the Barcelona building designed by Jean Nouvel.

The hotel Torre Agbar will not be among the 40 projects blocked by Barcelona's moratorium. It will not be affected by the year-long freeze on delivering permits for new hotels decided by the city's new mayor, Ada Colau, as announced by the company leading the project, Emin Capital, which had applied for a "town planning certificate" prior to implementation of the new measure. This is the first exception to be made by the mayor of Barcelona.

Thus, works for the conversion of the emblematic property marking the Catalan skyline, designed by  Jean Nouvel, will be able to begin to create a Grand Hyatt. The luxury property should allow the addition of 417 rooms on the city's hotel market and will have several restaurants as well as an auditorium. Rising 38 floors, the Torre Agbar is the tallest building in the city. The construction works should require an investment of 35 million euros, while the property was acquired by the investment fund Emin Capitale from the Agbar group for some 150 million euros.

As of January 1, 2015, Hyatt Hotels Corporation was the 14th hotel group in terms of number of rooms, according to the ranking realized by MKG Hospitality, hospitality consulting firm founded by Georges Panayotis. It had 152,986 rooms at 560 properties. (Read our report)

Also read:

  • Grand Hyatt brand to expand to Mexico
  • Barcelona: what lies in store for tourism after the municipal elections?
  • 40 projects blocked by Barcelona's moratorium
  • Barcelona puts a freeze on delivering permits for new hotels

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