New hotel in the center of Alicante, Spain

Additional information is provided after the signing of an NDA

New hotel in the center of Alicante, Spain

15,000,000 €
3,658 € /m²
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  • Total area
    4,100 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    18 €
Details
Property parameters
  • Total rooms: 90
  • Hotel rating: 4
  • 9-floor building
Financial performance
  • Annual income: 900,000 €
Loan
  • Loan size: 55% of the value of the property
  • Rate: 1.9 %
  • Loan term: 20 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 400 m

Four-star hotel 400 meters from the sea.

Description

Completion period: 18 months.

The hotel includes:

  • 90 rooms
  • restaurant with panoramic city views
  • SPA-center
  • gym
  • 2 pools

Extra opportunities

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

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Loan

The cost of the hotel is 15,000,000 €, where the reserve is 1,000,000 € (in 2019), 6,000,000 € for 18 months, the rest 8,000,000 € in loan at 1.9% per annum for up to 20 years.

Important: reserve should be paid in December 2019!

Tenants

The hotel can be managed by the owner or can be leased to the hotel chain with a 20-year agreement and rental fee of 900,000 € (6%) per year.

Location

The property is located on the main street of Alicante, 400 meters from the sea.

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is the most popular province of Spain among foreigners – last year, 50% of local house purchases were made by foreigners. In addition, there is one of the largest airports in the country, serving up to 13 million passengers per year.

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    Location right down to the building, street or city
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More properties

If this property wasn’t for you, take a look at other hotels for sale in Spain.

You can see more hotels for sale in Alicante elsewhere on our website.

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