The company currently has two operator businesses that are run independently of one another but with a number of functions shared between facilities to increase cost efficiency. These are Quartiers Marbella Apartments and Boho Club Marbella. The latter is the company’s flagship and is a unique concept with strong profitability potential. In 2022, an EBITDA margin of 12.4% was achieved.
In these projects, operating activities are an important part of property development. The Boho Club concept is proof that this is possible, not least because Boho Club was named Spain’s best boutique hotel in the luxury segment in 2021 by the Spain Luxury Hotel Awards. The concept of creating high-end operator businesses as part of property refinement contributes to improved net operating income, which in turn has resulted in value increases. The company intends to replicate this model at more sites.
Award-winning and exclusive hotel and restaurant project on Marbella’s Golden Mile. The restaurant has been recommended in the Michelin Guide, and the hotel has received several awards for its distinctive design. It also won the award for Spain’s best luxury boutique hotel 2021. The hotel has 40 rooms, with 2–4 beds in each room.
Construction of 10 additional rooms in the form of detached bungalows is underway and is expected to be completed in April. In 2022, the business generated sales of MSEK 76.3 (48.9) corresponding to growth of 56%. EBITDA totalled MSEK 9.5 (3.0), corresponding to an increase of 217%.
Work is underway on a new development plan, which is expected to significantly increase the number of construction rights on the property and enable further development. Quartiers’ plan to expand the property with more hotel rooms and restaurants is in the interest of both the municipality and Quartiers, and the prospects of obtaining more building permits are therefore deemed good.
This 13,730 square-metre property is located next to Boho Club and is less than two minutes’ walk from the beach in Marbella. Quartiers is evaluating the possibility of developing a new hotel property on the site and is in the process of a new local development plan, with the aim of multiplying the number of building rights on the property, as well as making it possible to obtain the relevant building permit.
OUR Apart hotel
QUARTIERS MARBELLA APARTMENTS
Spacious and tastefully furnished apartments for short and long-term rental, with stunning views of Marbella and the sea. The apartments are located in attractive three-storey buildings surrounded by golf courses, beautiful green areas and relaxing pool areas. A total experience of comfort, exclusivity and privacy. The apartments are perfectly suited for all types of holidays, relaxing family holidays, for companies or groups of friends travelling together.