Four-star beachfront hotel under construction with a long-term lease agreement.
Description
The hotel includes 312 rooms and a parking for 200 cars.
Turnkey project – the hotel will be completely ready for operation.
The cost of the hotel is 50.0 million €:
- 26 million € is paid immediately while signing a sales agreement
- 24 million € is paid during 2 years of the construction
Possible bank financing for 50% of the amount at 1.9% per annum for up to 15 years.
The tenant is a large Spanish hotel chain. The compulsory lease agreement is valid of 20 years.
The property is located on the central beach of Benidorm, Alicante province.
Benidorm is a city and municipality in Spain with a population of over 70 thousand people, a part of the province of Alicante in the autonomous community of Valencia.
Benidorm is the tourist capital of the Costa Blanca. There are many amazing beaches and clear sea. The city is called the Spanish New York for a large number of skyscrapers and the Spanish Las Vegas for the abundance of bars, restaurants and other places of entertainment.
Benidorm is the city with the highest year-round occupancy of hotels in Spain, more than 85%.
