Questions owners ask.

The fixed annual rent is not linked to the occupancy of your own unit. The hotel operates under a pooled rental model, where all hotel revenues are collected at hotel level and managed by the Operator.

WoW Operations S.L., the hotel operator, pays the rent once per year.

After 10 years, the rent will be indexed by the Consumer Price Index (CPI) of the previous year.

There are no service or maintenance costs, because the lease agreement is a dry lease. The hotel operator pays all the operational expenditure. The owner only pays the Spanish national and municipal tax.

40% on signing the sale and purchase agreement, 25% and 25% at the two construction milestones and 10% at the deed. The €15,000 reservation is deducted from the final instalment. All amounts exclude VAT.

A recognised financial institution guarantees all payments the buyer makes during construction, per individual buyer. The €15,000 reservation is not covered. The annual rent is paid by the operator from the hotel’s operational cash flow (see the next question).

If the project does not proceed due to a cause not attributable to the buyer, both the €1,000 pre-reservation fee and the €15,000 reservation fee will be refunded. If the buyer withdraws, the €1,000 is non-refundable. Details will be included in the reservation contract.

You acquire full ownership of the unit, with a 99-year lease to the operator and a fixed annual rent. After 10 years, the rent is indexed to the Consumer Price Index (CPI) of the previous year.

Subletting is not allowed since you rent your property to the operational company for 99 years. Resale is possible subject to the lease agreement.

Owner stays are always subject to availability and must be requested in advance. A 100% owner can use the unit for up to 4 weeks per year; for smaller shares this is pro rata (a 25% share gives 1 week per year).