Property Registry Rejects Dividing Hotel Rooms into Independent Properties
14 Oct 20262 views
Who is affected:
SOCIMIs, real estate investment funds and hotel owners wishing to divide the property into independent registered properties
Summary
The DGRN resolves a request regarding whether hotel rooms can be registered as independent properties in the Registry. The registrar suspended the registration due to several formal and substantive defects.
Detailed analysis
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The Directorate General for Legal Security and Public Faith analyzes the appeal by Hispanotels Inversiones Socimi against the refusal of the Madrid Property Registry nº6 to register the horizontal division of 122 hotel rooms as independent units. The registrar detected defects in the declaration of old construction, di…
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