MergerPlace

Five star hotel in Spain.

Spain


  • Asking Price: $67,296,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214921
  • Established: Not Disclosed
  • Employees:

Business Description

The hotel has 190 rooms. Reconstruction of hotel was made in 2018. The hotel is less than 15 years old. Mallorca — one of the Balearic Islands located in the Mediterranean sea, belongs to Spain. The area is 3640.16 km2, thus Mallorca is the largest island in Spain by area. Like other Balearic Islands — Ibiza, Formentera and Mallorca — Mallorca is popular as a resort. The administrative centre of the island of Palma is also the centre of the Autonomous community of the Balearic Islands. The national anthem of Mallorca is La Balanguera. Mallorca is the most populous island of the Balearic Islands and the second most populous island in Spain after Tenerife in the Canary Islands. The hotel is located on the first line from the sea, in the North of the island of Mallorca. Selective zone, quiet, peaceful place, compared to other areas of the island. The cost of the hotel - 60 000 000 euros, in case of sale with an existing operator and 70 000 000 euros for sale with an existing operator. Yield - 6 % per annum. The average annual occupancy rate is 80 %. The documents are ready to deal. Additional information is available upon request and upon signature by the buyer of L. O. I.


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Spain

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Asking Price: $67,296,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment