New hotel by the sea, Mallorca, Spain

Additional information is provided after the signing of an NDA

New hotel by the sea, Mallorca, Spain

57,000,000 €
2,626 € /m²
£48,187,000
£2,220 /m²
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  • Total area
    21,700 m²
  • Yield
    6.0%
Details
Property parameters
  • Total rooms: 190
  • Hotel rating: 5
Transaction costs
  • Broker: 5.0%

Five-star hotel.

Description

The hotel has 190 rooms.

Hotel occupancy — 87%/year.

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

The current yield is 6%.

Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

Mallorca is one of the largest Balearic islands located in the Mediterranean, and one of the most popular resorts in Spain (12 million tourists visit this island annually). The capital is Palma de Mallorca.

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