F.A.Q. ANSWERS EVERYWHERE
100% FREEHOLD property YOU OWN that is leased back under contract to a hotel group. It is NOT timeshare
- 15 years lease back contract with ONA hotel group
- 3 year duration with a 5% guaranteed return paid annually
- For the following years, there are 2 options:1-renegotiate with ONA Hotel for an extra 3 years OR 2-Profit Share with guaranteed minimum of 1%
- You can sell your property at any time with any agent
- You can use the store room all year round to store your personal items
- Already constructed so start earning straight away
- Cheap way to own a property in Spain
- No Air bnb or Booking.com with void periods and commissions to pay. Hassle free renting guaranteed by ONA Hotel Group from day 1
- No maintenance, breakages or dealing with tenants and bookings to contend with and no utility bills to pay, this is all done as part of the service leaving you time to relax
- 60 days personal use per year
- A contract with experts ONA Hotel Group who have more than 27 years of experience with more than 32 worldwide locations
- 5% guaranteed rental is gross or net?
- How is this paid?
Annually at the end of the year
- From year 4 says “participation of leasing benefit guarantee for entire period”. What is definition of entire period and what is the guaranteed minimum?
1% minimum but proven history of 5-8%
- How many properties are there?
- Can the store be used all year around by owner?
- Can the parking be used all year around by the owner?
- 60 days owners use if not used is it possible to receive a greater yield?
No, but the 60 days personal use doesn’t have to be exclusively taken by the owner of the property.
- Do you purchase a physical property with an escritura?
- Is the property you purchase the property that you will stay in for your 60 days use?
Yes where possible, however if reserved another property will be provided
- Is it possible to use your 60 days use against other hotels in the group or must it be used only on the Valley Romano Residences?
Yes possible in the future
- Are properties mortgageable if so do you offer finance options?
Yes a maximum of 60% LTV is achievable subject to finance and credit rating.
- Does the development qualify for the Golden Visa Scheme?
Yes if multiple units amounting to over €500,000 are purchased.
- Purchase is IVA exempt why is it because it is an apart hotel?
The property is deemed as an investment product with a leasing contract so is exempt from IVA
- Do you have to purchase and rent with ONA?
Yes apart from your 60 days allocated personal use
- How long is ONA contract and when did it commence?
15 years from 2017
- Do I have to pay, electricity, gas, water, maintenance if anything breaks or deal with the tenants?
This is a totally hassle free investment and everything is dealt with by the ONA group and your yield covers all the aforementioned
- When the ONA contract is up, is it decided in the AGM to continue with ONA, do the owners get a decision on who runs the aparthotel?
- What happens if I want to sell? Can I sell with any agent? Is the contract with ONA transferrable to the next owner?
Yes you can sell like any normal freehold property and the remainder of the ONA contract is transferable.
- Can someone purchase in an S.L or does it have to be private purchase?
Yes, anyone can purchase privately or as a company.
- Do owners get a golf membership?
Yes homeowners receive a 30% discount.
- H.I.G. Capital, since its founding in 1993, H.I.G. has invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 100 companies with combined sales in excess of €22 billion.