Madrid’s Teatro Barceló is for Sale

According to Expansión.com, businessman Pedro Trapote, owner of Joy Eslava, is negotiating the sale of Calle Barceló nº11 which housed Madrid’s famous Pachá nightclub until 2013. Pedro Trapote had bought the building from the Urgell family (owners of Pacha) in 1996.

The building, which was designed by architect Luis Gutierrez Soto, originally opened as a Cinema in 1931 and is considered an icon of Spanish rationalism.

Nightclub Pachá became the tenant of the property in 1980 and it has since played host to generations of European aristocracy and global celebrities. Once described as «the place to be for jet setters and crazies» by novelist Paco Umbral, it has seen the likes of Prince, Andy Warhol, Lola Flores, The Rolling Stones and members of Europe’s most important noble houses amongst others.

The asset has six floors and a total usable area of ​​about 3,200 square meters and could be for sale at around €25 million according to market sources.
It includes a top floor known as “Madrid’s Sky” which was designed by Jose Manuel Fernandez and Germán Álvarez echoeing the original architectural rationalist design put in place by Gutiérrez Soto.

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