Beachfront hotel, Benidorm, Spain

Additional information is provided after the signing of an NDA

Beachfront hotel, Benidorm, Spain

50,000,000 €
1,879 € /m²
£43,365,000
£1,630 /m²
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  • Total area
    26,600 m²
  • Yield
    6.0%
Details
Property parameters
  • Land area: 7,670 m²
  • Total rooms: 312
  • Number of parking lots: 200
  • Hotel rating: 4
  • 27-floor building
Financial performance
  • Annual income: 3,000,000 €
Tenants
  • Fully let
  • End of lease: 2040
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9%
  • Loan term: 15 years
Features
  • Beachfront
  • Car parks
  • Sea view

Four-star beachfront hotel under construction with a long-term lease agreement.

Description

The hotel includes 312 rooms and a parking for 200 cars.

Turnkey project – the hotel will be completely ready for operation.

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 cost of the hotel is 50.0 million €:

  • 26 million € is paid immediately while signing a sales agreement
  • 24 million € is paid during 2 years of the construction

Possible bank financing for 50% of the amount at 1.9% per annum for up to 15 years.

Tenants

The tenant is a large Spanish hotel chain. The compulsory lease agreement is valid of 20 years.

Location and nearby infrastructure

The property is located on the central beach of Benidorm, Alicante province.

Benidorm is a city and municipality in Spain with a population of over 70 thousand people, a part of the province of Alicante in the autonomous community of Valencia.

Benidorm is the tourist capital of the Costa Blanca. There are many amazing beaches and clear sea. The city is called the Spanish New York for a large number of skyscrapers and the Spanish Las Vegas for the abundance of bars, restaurants and other places of entertainment.

Benidorm is the city with the highest year-round occupancy of hotels in Spain, more than 85%.

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

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