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Bad investment: Messi buys scrap hotel for 30 million euros

December 2, 2021
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Bad investment: Messi buys scrap hotel for 30 million euros
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In 2017 Lionel Messi acquired the four-star boutique hotel “MiM Sitges”. Incidentally, the hotel is not far from his property. The Argentine is said to have paid 30 million euros for the house with 77 rooms and a panoramic roof terrace. Now there is bad news for the Paris St. Germain superstar. The newspaper “El Confidencial” reported that his hotel was junk. However, there was no reaction from Messi. However, according to the newspaper, a court order for the demolition is pending.

The hotel did not meet the city standards. Messi didn’t know about that. The town hall of Sitges ordered the demolition. The building regulations are said not to have been complied with. So the balconies should be too big. However, the balconies cannot simply be made smaller because they are attached to the overall structure. If the balconies are made smaller or torn down, the house threatens to collapse. The fire emergency plan also failed the authorities.

The previous owner of the hotel, Francisco Sánchez Rodríguez, is said to have known about the irregularities and the demolition order. Still, he sold Messi the house. According to the court, the house must now be demolished in all likelihood. The Argentine’s money is gone.

Tags: badbuyseuroshotelinvestmentMessimillionscrap

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