MergerPlace

Luxury hotel-Palace, on the island.

Ibiza, Spain


  • Asking Price: $11,825,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #215226
  • Established: Not Disclosed
  • Employees:

Business Description

The hotel is situated in the 18th century (1752 year of construction). 4 floors. The hotel has 8 rooms. 7 bathrooms. Area - 921 sq. m. land plot Area - 250 sq. m. repaired, using high quality materials. Exclusive, designer lamps and taps, Golden bathrooms. In the decoration of doors and ornaments used handmade stone carvers. The rooms are decorated with white Talas marble. There is a hall at the entrance and a reception hall. Hall with satellite TV. Training room. Terrace, 220 sq. m. Swimming pool (6 x 2.5 meters), with counter-current system. Panoramic views of the sea, port, Formentera island and Ibiza Cathedral. The rainwater tank was renovated after reconstruction and covered with thick glass in places where water could flow. Ibiza is one of the Islands belonging to the Balearic Islands archipelago in the Mediterranean sea. Belongs To Spain. The area of the island is 571.04 km2. Its administrative center is the city of Ibiza. International resort. The greatest popularity of this island bring numerous clubs, where electronic music is performed in a variety of directions. The climate in Ibiza is Mediterranean, with warm winters and slightly cooler summers than in Mallorca. Winters are mild, with temperatures around 15 °C in winter and moderate rainfall. It rarely snows and frosts. The hot season lasts from June to September inclusive, the temperature usually reaches 30 °C, a large number of Sunny hours, rains are extremely rare. The hotel has a great location, next to the Bishop's residence, in the old district, declared a UNESCO world heritage site. The property boasts views of the sea, hills, port, Dalt Vila and Formentera island. About five minutes to the business and historical center of the capital, where there are the best restaurants, places of rest, historical and cultural attractions. About fifteen minutes to the beach, the Bay and the most famous beach club on the island. The cost of the hotel is 10 500 000 euros. This price is twice lower than the market price. Yield - 9 % per annum. Company for sale. There is a license for tourist activities in the Balearic Islands. Many famous people, artists, singers, football players and so on like to stay in this hotel. Cost of accommodation: 4 500 - 5 500 Euro for one night, 8 500 Euro for one night - in high season. The documents are ready to deal. Additional information is provided after the signing of the LOI by the potential purchaser.


Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Spain
Metropolitan Area: Ibiza

Company Information

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

Financial Information

Asking Price: $11,825,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment