Boutique hotel under construction in Benidorm.
The six-storey building of 800 m² includes 20 rooms and features a roof-top swimming pool and a restaurant.
Completion — 4th quarter of 2023.
Projected yield — 7%.
At the future owner's request, the hotel can be rented out to the hotel chain for 196,000 euro per annum for a term of 10 years and more (all the maintenance expenses are paid by the tenant).
Commission — 5%.
The building is located in the center of Benidorm, 300 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.