New hotel with a well-known chain tenant in the center of Alicante, Spain

Additional information is provided after the signing of an NDA

New hotel with a well-known chain tenant in the center of Alicante, Spain

6,900,000 €
2,335 € /m²
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  • Total area
    2,955 m²
  • Yield
    8.1 %
Details
Property parameters
  • Total rooms: 61
  • Number of parking lots: 18
  • Hotel rating: 4
  • 9-floor building
Financial performance
  • Annual income: 560,000 €
Tenants
  • Fully let
  • End of lease: 2030
Loan
  • Loan size: 50% of the value of the property
  • Rate: 1.9 %
  • Loan term: 15 years
Transaction costs
  • Broker: 5.0 %
Distance to:
  • Sea at 1,500 m

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

Description

The hotel is under construction.

The price includes the turnkey construction and equipment of the hotel, all the necessary permits and licenses.

The hotel includes:

  • 61 rooms
  • restaurant
  • underground parking for 18 cars

Extra opportunities

A Golden Visa can be obtained with the purchase of this property (residence permit for investments).

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Financial performance

End of construction works and start of the rental payment: 24 months from the date of signing the contract and payment of 50% of the hotel price (3,450,000 €).

The rest of the cost is paid in stages within 24 months. It is also possible to take a loan for up to 15 years at 1.9% per annum.

Tenants

The tenant is a well-known international hotel chain which manages more than 7,000 hotels around the world.

A compulsory lease agreement is valid for 10+ years.

Location

The property is located in the center of Alicante, 200 meters from the railway station and 1.5 km from the beach. There are also several bus stops, shops of well-known brands and supermarkets located nearby.

The hotel has easy access to the A-7 motorway and is a 15-minute drive from Alicante Airport.

Alicante is a resort town in eastern Spain, the center of the province of the same name. It is considered the capital of the eastern Spanish coast and the main resort of the Costa Blanca. The population of the city is more than 300 thousand people.

Alicante is the most popular province of Spain among foreigners – last year, 50% of local house purchases were made by foreigners. In addition, there is one of the largest airports in the country, serving up to 13 million passengers per year.

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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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