Three four-star beachfront hotels on the Costa del Sol.
Total number of rooms: 687 rooms.
All hotels are in excellent condition and do not require any repairs.
The annual income is 6,000,000 €.
The yield is 5.5%.
There is a possibility to obtain a loan of up to 60% of the cost at 1.9% per annum for up to 15 years.
The property is fully let.
The lease agreement with a hotel operator is valid for 15 years.
Brokerage fee is 3.5%.
All hotels are situated on the first coastline, 25 km from Malaga Airport.
Malaga is a province in southern Spain that is part of the autonomous community of Andalusia. The administrative center is the city of Malaga. The population of the province is about 1,700,000 inhabitants.
One of the main sectors of the economy is tourism. Malaga-Costa del Sol Airport — is the fourth busiest airport in Spain after Madrid, Barcelona and Palma de Mallorca. It receives and sends flights to more than sixty countries of the world and annually serves at least 12 million passengers.