Hotel on the Costa Blanca, Spain

Additional information is provided after the signing of an NDA

Hotel on the Costa Blanca, Spain

5,200,000 €
1,026 € /m²
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  • Total area
    5,066 m²
  • Yield
    6.7 %
  • Built in 
    2005
Details
Property parameters
  • Land area: 2,097 m²
  • Total rooms: 110
  • Number of parking lots: 30
  • Hotel rating: 3
  • 7-floor building
Financial performance
  • Annual income: 350,000 €
Tenants
  • Fully let
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 200 m
Features
  • Swimming pool

Three star hotel in 200 meters from the sea.

Description

The land area is 2,097 m².

The total area of the hotel is 5,066 m².

The hotel includes:

  • 110 rooms
  • conference room for 250 people
  • restaurant
  • bar
  • swimming pool
  • parking

The price includes 200,000 € for repairs to modernize the hotel in accordance with the latest technology and standards.

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 absolute annual income is 350,000 €.

The current yield is 6.7%.

Tenants

The hotel chain is ready to prolong the current lease agreement.

Location

The Costa Blanca is a region on the Mediterranean coast of Spain which includes the coastal villages of the province of Alicante in the autonomous community of Valencia. It's a seaside resort and tourism area.

The Costa Blanca is visited annually by about 6 million tourists, local hotels can accommodate more than 150 thousand people.

The resort capital is the city of Benidorm with the beaches of Playa de Levante and Playa de Poniente. In 2000, the Terra Mitika amusement park was opened. Over one million people visited it in one season.

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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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