- 27,285,000 €
- 4.7% yield
- Benidorm Hotel 50,000,000 €
- Basic parameters
- Photo
№ 1,847,369
Hotel 26,600 m² in Benidorm
50,000,000 €
1,879 € /m²
- Room stock 312
- Yield 6.0%
- Constructed —
- Price per key 160,256 €
Key project parameters
- Total area
- 26,600 m²
- Land area
- 7,670 m²
- Room stock
- 312
- Number of parking lots
- 200
- Hotel rating
- 4
- Floors
- 27
- Price per key
- 160,256 €
Project description
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.
Extra information
Car parks
Beachfront
Sea view
Tenants
- Agreement
- Yes
- End of lease
- 2040
The tenant is a large Spanish hotel chain. The compulsory lease agreement is valid of 20 years.
Financial performance
- Yield
- 6.0%
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.
Location and nearby infrastructure
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%.
More properties
If this ad doesn't suit you, have a look at the other hotels for sale in Benidorm.
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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