MergerPlace

Boutique Hotel & Housing Project

Macharaviaya, Malaga East, Cos, Spain


  • Asking Price: $1,750,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: $1,700,000
  • Inventory: Not Disclosed
  • FF&E: $50,000
  • Listing ID: #201163
  • Established: 2000
  • Employees: 0

Business Description

Construction was completed in 1999 and the owners opened the new year with a bang! It traded until 2012 as a successful boutique hotel of seven large en-suite bedrooms, all south facing and with views to the mediterranean, mountains and the charming and historically relevant town of Macharaviaya.
The hotel sits just 10 minutes out from Rincon de la Victoria and it's wonderful coast, 30 minutes drive from Malaga International Airport and the city of Malaga as well as having close by several golf courses, renowned restaurants, fantastic towns to explore, vineyards, wineries and more.
Constructed area is approx 400m plus a garage/shop, laundry room, 12 X 6 meter solar heated pool with pool bathrooms, pump house, registered water well of 170,000 liters as well as a Bar/Restaurant area with an extensive terrace with capacity for 100+ covers.
While the hotel has been closed for more than half a decade, the owners have lived in the property and maintained it to the highest of standards, the hotel is still fully registered with the Tourism Department of the Junta de Andalucia with all licenses in order and a functioning website.In 2006 plans were drawn and approved by Urbanismo of the Junta de Andalucia and the Ayuntamiento de Macharaviaya to create a country club project extending the existing hotel and taking advantage of the almost 2 hectares of terrain to build 36 apartments of 120m2 each, all with sea, mountain & town views, recreation areas, cafeteria & gym among others, all linked to the Hotel.
This is why this is an ideal and luxurious lifestyle boutique hotel business for a couple looking for a great adventure with a good life/work balance and high quality of living or for an enterprising couple, group of friends or investment group to develop the project and realize a healthy profit, the versatility and options make this an opportunity that can be taken in several directions.
The Town of Macharaviaya is a white town of the Axarquia, a region historically known for its vids and sweet wines but the town itself has great historical significance, it was home to the illustrious Galvez family and the birthplace to Bernardo de Galvez, Viceroy of the Americas and hero of the American Independence war.


Business Details

Primary Business Category: Accommodations
Location: Spain
Metropolitan Area: Macharaviaya, Malaga East, Cos

Company Information

Year Established: 2000
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 0

Financial Information

Asking Price: $1,750,000
FF&E: $50,000
Real Estate: $1,700,000
Seller Financing Available: Yes

Property Information

Facilities:

7 bedrooms all ensuite Commercial kitchen Reception area Eating/Restaurant Area Pool with pool bathrooms Built 400m2 Plot 19300m2 (4.8 Acres) Laundry room Garage/Workshop

Growth & expansion opportunities:

The business is closed, it was a renowned hotel for the 12 years it traded, the owner treated it as a lifestyle business until full retirement in 2012, in 2006 they got a project approved for 30 120m2 tourism apartments on the plot which the owner is considering doing, would consider trade for final product/joint venture.

Competition:

Limited

Reason for selling:

Age, the owners built up and sold a hotel in Wales, moved to Macharaviaya and started Hotel Macharaviaya.

Support & Training:

Yes

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Business Listed By:

Alejandro Scholtz

Business Broker Spain