28.- EVENTS AFTER THE REPORTING PERIOD

As stated in Note 11 of the accompanying report, on 28 December 2017, an agreement was reached with the German asset manager Deka Immobilien for the sale and subsequent rental of the property in which the NH Collection Barbizon Palace Amsterdam is located. The operation agreed at the end of January 2018, has involved the sale of the building for 155.5 million euros (584.5 thousand euros/room), which will bring about an estimated capital gain of 55 million euros in 2018 and net cash of 122.4 million euros. The variable income lease of the property will allow the Group to keep operating the hotel for an initial period of 20 years, with the option of exercising two extensions of 20 years each.