Hotel and entertainment complex in Palma

Palma de Mallorca, Spain

  • Asking Price: $137,300,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #215255
  • Established: Not Disclosed
  • Employees:

Business Description

Hotel and entertainment complex in Palma de Mallorca.
The complex consists of 1056 apartments, completely renovated in 2017. Land area - 46 000 sq. m. swimming Pool, water Park for children and adults, beach club, with an area of 4 000 sq. m. Disco, with an area of 10 000 sq. m., which is visited daily by 3 000 people. This is the fourth most important disco in Europe and the first in capacity. The pool is open every day for holidays. Palma de Mallorca is the main city and port of the Spanish Autonomous community of the Balearic Islands. It is located in the Palm Bay of the island of Mallorca with a width of 20 kilometers and a length of 25 kilometers. A major tourist center. Population 407 648 (as of 2012), the suburbs — 035 474 people. The property is 100 metres from the beach. The cost of the hotel complex-125 000 000 euros without a disco. The complex is sold without a hotel operator. The annual occupancy rate is about 90 %. The complex is closed from November to March, but there are opportunities for profit in these months, such as organizing and holding concerts on site. Annual income in 2017 amounted to 11,000,000 euros (net, after tax). The documents are ready to deal. Additional information is provided upon signing of the LOI by the potential purchaser.

Business Details

Primary Business Category: Real Estate and Rental and Leasing
Location: Spain
Metropolitan Area: Palma de Mallorca

Company Information

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

Financial Information

Asking Price: $137,300,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment