Beachfront hotel in the province of Andalusia, Spain

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Beachfront hotel in the province of Andalusia, Spain

21,300,000 €
1,543 € /m²
£18,376,000
£1,331 /m²
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  • Total area
    13,800 m²
  • Yield
    6.0%
Details
Property parameters
  • Land area: 25,700 m²
  • Total rooms: 280
  • Hotel rating: 4
Financial performance
  • Annual income: 1,278,000 €
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:

  • 280 rooms (including 5 deluxe rooms and 30 apartments)
  • 2 restaurants
  • 2 swimming pools (one heated)
  • parking

Financial performance

The price includes the cost of repair and modernization of the hotel (CAPEX) in the amount of 2,800,000 €.

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, in the province of Andalusia.

Andalusia is the southernmost region of Spain, washed by the Mediterranean Sea and the Atlantic Ocean. The location of Andalusia in the south of the Iberian Peninsula makes it one of the hottest regions of Europe. The prevalence of the Mediterranean climate and a large number of beaches create suitable conditions for the development of tourism.

Lovers of cultural tourism can be attracted by such famous buildings as the Alhambra (Granada), the Giralda (Seville) or the Cordoba Mosque. In addition, there are numerous cathedrals, churches, castles and fortresses, monasteries. Andalusia is the birthplace of many great artists: Picasso, Murillo, Velazquez.

More properties

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

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

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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