Our Value Creation Business
Quartiers focuses on acquiring underperforming projects with room for creating and unlocking value, turning them into profitable businesses. Value creation can be obtained by implementing adequate management, for instance, by targeting the right market segment for the product or by negotiating with expected changes in regulations which can increase the buildability rights and the renovation of the assets. Some projects are sold, while others are managed and let, which provides the company with cash flow and the opportunity to increase value when the property is either sold or revalued for refinancing on improved loan terms.
The company’s focus on investment properties aims to develop a stable base, with cash flow-generating and profitable properties, as well as to increase the value of the properties. The company’s primary focus in this segment is holiday apartments such as rental apartments and hotels. One of the reasons for this operational focus is the strength of the tourist industry in the Malaga region, as well as the fact that in times of financial uncertainty, the tourist industry has historically proven more stable than the rest of the Spanish economy.
QUARTIERS APARTMENT HOTEL & RESORT
The property in brief
- Status: Operating apartment complex.
- Municipality: Benahavís.
- Market value: EUR 34,700 thousand.
- Average value per apartment: EUR 343.6 thousand.
- Taken over and paid for in full.
- Purchase price: EUR 17,200 thousand.
- Purchase price per apartment: EUR 170 thousand.

Property description
Quartiers Apartment Hotel & Resort comprises 96 apartments in an apartment complex known as Hacienda del Señorío de Cifuentes in Benahavís municipality, which neighbours Marbella municipality. Since 1 January 2019, this business has been operated by Quartiers’ wholly owned subsidiary Quartiers Management.
The property is part of the Value Creation business segment and clearly illustrates how Quartiers has successfully converted a rundown facility into an attractive resort for both holidaymakers and permanent residents. The value-adding measures that Quartiers has taken have contributed to increasing the value per apartment to more than double since 2016.
QUARTIERS APARTMENT HOTEL & RESORT
Quartiers has 96 apartments in the Quartiers Apartment Hotel & Resort at Hacienda del Señorío de Cifuentes in Benahavís municipality, which neighbours Marbella municipality, that are rented out both short and long term.
QUARTIERS APARTMENT HOTEL & RESORT
The property in brief
- Status: Operating apartment complex.
- Municipality: Benahavís.
- Market value: EUR 34,700 thousand.
- Average value per apartment: EUR 343.6 thousand.
- Taken over and paid for in full.
- Purchase price: EUR 17,200 thousand.
- Purchase price per apartment: EUR 170 thousand.

Property description
Quartiers Apartment Hotel & Resort comprises 96 apartments in an apartment complex known as Hacienda del Señorío de Cifuentes in Benahavís municipality, which neighbours Marbella municipality. Since 1 January 2019, this business has been operated by Quartiers’ wholly owned subsidiary Quartiers Management.
The property is part of the Value Creation business segment and clearly illustrates how Quartiers has successfully converted a rundown facility into an attractive resort for both holidaymakers and permanent residents. The value-adding measures that Quartiers has taken have contributed to increasing the value per apartment to more than double since 2016.
Boho Club
The property in brief
- Status: Hotel and restaurant.
- Municipality: Marbella.
- Buildable area: awaiting new local development plan.
- Area of existing buildings: 4,954 square metres.
- Plot area: 21,959 square metres.
- Purchase price: EUR 9,582 thousand.
- Number of units: Two restaurants and approximately 30 rooms.
- Website: www.bohoclub.com
Property description
Boho Club is Marbella’s new destination hotel, located less than four minutes’ walk from the beach in Marbella and within walking distance of the Puerto Banús luxury marina. The hotel and restaurant are positioned in the higher price segment in which the main competitors are currently Marbella Club, Puente Romano and Nobu Hotel. There is currently a lack of options in this price segment of the market, which together with increasing demand from an affluent target group enables both hotels and restaurants to take market share and achieve good margins within a short period of time. The property is unusual with regard to planning as Quartiers is awaiting a new local development plan with additional construction rights. For that reason, the majority stake in the operating company is important as it gives Quartiers the flexibility to fully leverage the property’s potential value in both the short and long term.
BOHO CLUB HOTEL
The Boho Club is Marbella’s new destination hotel, located less than four minutes’ walk from the beach in Marbella and within walking distance of the Puerto Banús luxury marina. Acquired in 2017, this property is now opened and are welcoming guests to the hotel and the restaurant.
Boho Club
The property in brief
- Status: Hotel and restaurant.
- Municipality: Marbella.
- Buildable area: awaiting new local development plan.
- Area of existing buildings: 4,954 square metres.
- Plot area: 21,959 square metres.
- Purchase price: EUR 9,582 thousand.
- Number of units: Two restaurants and approximately 30 rooms.
- Website: www.bohoclub.com
Property description
Boho Club is Marbella’s new destination hotel, located less than four minutes’ walk from the beach in Marbella and within walking distance of the Puerto Banús luxury marina. The hotel and restaurant are positioned in the higher price segment in which the main competitors are currently Marbella Club, Puente Romano and Nobu Hotel. There is currently a lack of options in this price segment of the market, which together with increasing demand from an affluent target group enables both hotels and restaurants to take market share and achieve good margins within a short period of time. The property is unusual with regard to planning as Quartiers is awaiting a new local development plan with additional construction rights. For that reason, the majority stake in the operating company is important as it gives Quartiers the flexibility to fully leverage the property’s potential value in both the short and long term.