Holiday Parks for sale in Granada

View the "3 Star hotel in Costa Tropical, 7% yield and considerably undervalued" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Advertising my business on Daltons was a great success. I found a buyer relatively quickly. 

Ahmed Zahir (August 2016)
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Asking price: €1,250,000 Price Reduced
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Business Description
Well established 38 room 3 star hotel 80 meters from the beach with 7% yield and great capital appreciation for sale

Built in 1991 con 1775m2 built, this well maintained/running hotel is for sale at an unprecedented €1,350,000 (45% of conservative current day construction/replacement costs) and with a technical valuation placing the gross replacement value at just over 2M and with depreciation at 1.63M.

Of the 38 rooms, 22 are doubles, 13 are triples/suites and 3 are simple for a total of 80 beds, all rooms have terraces with views.

In the hotel there is also a reception, management office, cafeteria, restaurant, bar, lounge area, summer terrace, tennis court, pool, and phones booths.

The hotel is sold without personnel or liens but existing debt can be transferred and personnel rehired.

For confidential information such as financial statements (P&L, BS), valuation, replacement costs, KPIs, etc.) please contact us, and NDA will be required by the buying party and also (possibly) proof of funds/bank letter.
Viewing Arrangements
interested parties are advised that this is a confidential sale and as such members of staff at the premises may not be aware that the business is on the market. No direct approach to the premises should be made and all viewings should therefore be arranged through the vendor's agents Business Broker Spain.
Business Broker Spain will be happy to assist with flight and accommodation arrangements to facilitate a viewing and bi-lingual staff will be on hand when you arrive.
Listed by: Business Broker Spain
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BB6742
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