Beachfront hotel in the suburbs of Malaga, Spain

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Beachfront hotel in the suburbs of Malaga, Spain

17,770,000 €
1,047 € /m²
£15,348,000
£904 /m²
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  • Total area
    16,970 m²
  • Yield
    6.0%
Details
Property parameters
  • Land area: 4,300 m²
  • Total rooms: 200
  • Hotel rating: 4
Financial performance
  • Annual income: 1,006,200 €
Tenants
  • Fully let
  • End of lease: 2030
Transaction costs
  • Broker: 5.0%
Features
  • Beachfront

Four-star hotel with a long-term lease agreement.

Description

The hotel includes:

  • 200+ rooms (including 12 deluxe rooms)
  • conference room
  • spa center
  • 2 swimming pools (one heated)
  • gym

Rating on Booking – 8.9.

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 price includes the cost of repair and modernization of the hotel (CAPEX) in the amount of 2,270,000 €.

Tenants

It is sold subject to lease to the current owner, an international hotel chain, for a period of at least 10 years.

Location and nearby infrastructure

The property is located on the shores of the Mediterranean Sea, near the city of Malaga.

Malaga is a seaside town in Spanish Andalusia with a population of over half a million people. Malaga is famous for its beaches with a total length of about 14 km.

Malaga is a port city, an important cultural and financial center of Andalusia, a fashionable Spanish resort with a colorful historical center and an abundance of shops.

More properties

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

All ads in the country: hotels for sale in Spain.

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    Head of Sales
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