Four-star beachfront hotel with a long-term lease agreement.
Description
The hotel includes:
- 400 rooms of 32 m² each
- restaurant
- banquet halls
- conference room
- bars
- swimming pools
- gym
- sun terrace
- tennis court
- SPA-center
- parking
Occupancy: 80% per year.
The absolute annual income is € 2,380,000.
The current yield is 7%.
Possible mortgage: 50–60% of the hotel value at 1.9% per annum for 15 years
The lease agreement with the hotel chain is signed for 20 years.
The rent payment is confirmed by the bank of the tenant by issuing a bank guarantee.
Brokerage fee is 5%.
The property is located on the seafront, 25 km from Malaga airport.
Malaga is a seaside town in Spanish Andalusia with a population of over half a million people. Malaga is famous for its beaches with a total length of about 14 km.
Malaga is a port city, an important cultural and financial center of Andalusia, a fashionable Spanish resort with a colorful historical center and an abundance of shops.
