Five-star hotel in the Canary Islands, Spain

Additional information is provided after the signing of an NDA

Five-star hotel in the Canary Islands, Spain

95,500,000 €
6,409 € /m²
£81,941,000
£5,499 /m²
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  • Total area
    14,900 m²
  • Yield
    7.6%
  • Built in 
    2005
Details
Property parameters
  • Land area: 28,750 m²
  • Total rooms: 306
  • Hotel rating: 5
Financial performance
  • Annual income: 7,258,000 €
Property status
  • Most recent total renovation: 2014
Loan
  • Loan size: 55% of the value of the property
  • Rate: 1.6%
Transaction costs
  • Broker: 5.0%
Features
  • Beachfront

The hotel in excellent condition on the first line from the sea.

Description

The hotel includes:

  • 306 rooms
  • 4 restaurants
  • 2 pools
  • SPA complex

Occupancy: 85%.

Extra opportunities

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

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Loan

Bank financing for 50,000,000 € at 1.6% per annum is possible.

Location and nearby infrastructure

Canary Islands is an archipelago of 7 volcanic islands, which is located in the Atlantic Ocean. The population of the islands is more than 2 million people.

The largest densely populated island with a developed tourist infrastructure is Tenerife. Here is the highest point in Spain – the Teide volcano.

One of the main attractions of the Canary Islands is its unique climate, moderately hot and dry. The water temperature during the year does not fall below 20°C.

Tourism has a huge impact on the economy of the Canary Islands which is about 32% of the total domestic product of the islands. About 10 million tourists visit the Canary Islands during the year. Other important sectors of the economy are the construction industry (about 20% of the total domestic product) and agriculture.

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If this ad doesn't suit you, have a look at the other hotels for sale in Canary Islands.

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