Beachfront hotel, Benidorm, Spain

Additional information is provided after the signing of an NDA

Beachfront hotel, Benidorm, Spain

50,000,000 €
1,879 € /m²
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  • Total area
    26,600 m²
  • Yield
    6.0 %
  • Rental rate (m²/month)
    9 €
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

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%.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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 Benidorm elsewhere on our website.

Statistics in Benidorm

Price per m², €
2,100
Real estate Price, €
Apartment in the city centre, m² 2,100.0
Apartment in a bedroom community, m² 1,479.0
Transport Price, €
Public transport, 1 ride 1.5
Monthly travel card 40.0
Taxi, 1 km 1.35
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.51
Milk, 1 l 0.69
White bread, 500 g 0.93
Eggs, a dozen 1.47
Chicken fillet, 1 kg 5.83
Education Price, €
Kindergarten, per month 325.67
International school, per year 6,666.67

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

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