Hotels and Motels for sale in Costa del Sol

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Imran Ahmed (Nov 2014)
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Asking price: €4,200,000
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Business Description
Hotel in Artola
Hotel Artola Marbella
The Artola is a 3 star 37 room hotel located between the main road and the sea next to Cabopino and the Natural beach of Las Dunas.
The hotel was built in the 1970s by famous builder Schemstrong from the USA and even now several decades later the hotel is very solid and easily restorable.
The hotel is built on three levels, entry level, first and second floors plus a large basement. The total size is 3.357m2 comprising entry level and the two floors above. In addition the hotel has a large car park for some 55 cars. The exact size of its plot is 4.361m2
The Hotel needs a general facelift and restoration to be able to bring it to a high standard. Between 500.000€ and 1.000.000€ would be needed to bring the present hotel to a building in a “as new condition”.
The hotel has a license to operate as a three star hotel but the new owners once they restore it will have to adapt the hotel to the new regulations and a new license obtained. This would be a normal step to follow and would be part of the restoration estimated budget.
The hotel has a very good location not far from the sea and close to Cabopino Harbour. The distance to Marbella and Fuengirola is about 12kms.
Listed by: Business Broker Spain
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