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40 Room 3 Star Hotel 50m from Beach

  • Price: €2,600,000
Seller Reference: COI6769F
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Business Description
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Seller Reference: COI6769F
Request Details
Business Description
Asking Price €2,600,000 Freehold

Located just 50 meters from the beach this hotel was built in 2003 on a 500m2 plot and has a built area of 2.528m2 in excellent conditions.

Distribution of the 40 rooms are as follows:
36 Double rooms
2 double rooms with living room
1 quadruple junior room
1 handicap accessible room
Total sleeps: 91
28 of the rooms have an outside terrace, overlooking the sea and mountains the 12 remaining rooms have a balcony and views of mountains and town
* Hotel services.
Reception, management office, Cafeteria, Restaurant, Social lounge, internet, telephone box, Wi-Fi zone.
* on the fifth floor.
It has solarium terrace, Bar, Cafeteria, Dining room, parking for guests & a Hall of events with wonderful views of the bay & town.

* The entire hotel is fully furnished and equipped and in perfect condition of use and conservation

* It's in the process of changing to 4 star category

* sold free of occupants and staff

* Sale price: € 2,600,000 NEGOTIABLE

* Price Fully equipped and fully operational.

The price of construction cost x m2 for a hotel of these minimum characteristics is: € 1,000 x m2.
* plus 17% of costs of technical, licenses, permits: € 170 x m2
* apart you have to include the general equipment of approx: 475,000. €
and the value of the land: € 400,000
* we have a minimum actual cost updated for the construction and commissioning of the Hotel.
* 2,538 m2 built at a minimum price of: € 1,170 x m2 = € 2,969,460
* soil value .............................................. ..................... = € 400,000
* value of the hotel's total equipment ................................... = 475,000 €
* current value costs with minimum costs ........................ = € 3,819,460

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.
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