Three-star hotel for renovation in Benidorm, Valencia, Spain

Additional information is provided after the signing of an NDA

Three-star hotel for renovation in Benidorm, Valencia, Spain

7,500,000 €
1,153 € /m²
£6,455,000
£993 /m²
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  • Total area
    6,500 m²
Details
Property parameters
  • Land area: 3,000 m²
  • Total rooms: 100
  • Hotel rating: 3
Tenants
  • No tenants
Transaction costs
  • Broker: 5.0%
Distance to:
  • Sea at 200 m
Features
  • Redevelopment

Hotel in Benidorm.

Description

The seven-storey building with a total area of 6,500 m² includes 100+ rooms.

The hotel is in need of a major overhaul. It is possible to increase the number of rooms up to ~200 units, as well as upgrade the hotel category to 4*.

Extra opportunities

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

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Transaction costs

Brokerage fee is 5%.

Location and nearby infrastructure

The building is located in the center of Benidorm, 200 meters from the beach.

The Valencian Community is an autonomous community of Spain. It is the fourth most populous autonomous community. It is located along the Mediterranean coast on the east side of the Iberian peninsula. The population is about 5 million people.

In addition to tourism, the Valencian Country has significant exports, and it ranks second in this respect among the Spanish autonomous communities, constituting 12% of the national total.

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