It's unlikely to be a word, since the נ at the left would have its final form ן at the end of the word. On the other hand, as amikama wrote, the letters are distorted, so that letter could just possibly be a ב - which does not have a different final form.
My guess is that they're someone's initials.
Added in edit: A Google image search for matching images, with or without adding "Barcelona," turned up nothing useful. It recognized them as Hebrew letters, but what it found bore absolutely no resemblance to these three specific letters.