- 27,285,000 €
- 4.7% yield
- Malaga Hotel 20,500,000 €
- Basic parameters
- Photo
№ 1,900,664
Hotel 10,500 m² in Malaga
20,500,000 €
1,952 € /m²
- Room stock 243
- Yield 6.0%
- Constructed 1974
- Price per key 84,362 €
Key project parameters
- Total area
- 10,500 m²
- Room stock
- 243
- Hotel rating
- 4
- Floors
- 11
- Price per key
- 84,362 €
- Constructed
- 1974
Project description
Four-star hotel on the Costa del Sol.
Description
The 11-storey building with an area of 10,500 m² includes 243 rooms.
In 2019, the hotel was completely refurbished and renovated.
Equipment
- restaurant
- 2 bars
- 3 swimming pools
Extra information
Garden
Car parks
Balcony or terrace
Swimming pool
Tenants
- Agreement
- n/a
The property is fully let. The tenant is an international hotel chain.
The lease was concluded for a period of 15 years.
Financial performance
- Yield
- 6.0%
The annual income is € 1,230,000.
The yield is 6%.
All expenses for the maintenance of the hotel, as well as taxes are paid by the tenant.
Transaction costs
Brokerage fee is 5%.
Location and nearby infrastructure
The hotel is located by the sea, in the tourist center of the city, with easy access to all its attractions and excellent transport links to other nearby towns.
Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar.Among the autonomous communities, Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe.
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- annual yield
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- investment exit horizon
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- full support at every stage
- Turnkey deal
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