MergerPlace

Three stars hotel in Spain.

Torremolinos, Spain


  • Asking Price: $29,359,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214950
  • Established: Not Disclosed
  • Employees:

Business Description

The hotel has 400 rooms. The hotel is open all year round. Conference rooms, games room for children, TV room, cafe, bar, restaurant, disco, swimming pool, gardens, Solarium, gym, Parking. Torremolinos is a city and municipality in Spain, part of the province of Malaga, part of the Autonomous community of Andalusia. The municipality is part of the area (komarca) of the Costa del Sol Occidental. The distance to the administrative center of the province is 18 kilometers. Beach resort on the Mediterranean coast of Spain, Costa del Sol. The hotel is located 300 meters from the sea, with a sandy beach and 15 minutes from the airport. The cost of the hotel is 26 000 000 euros. Profitability - 7 % per annum (actually more). The average occupancy rate is above 80 %. No hotel operator. Sale due to retirement of the owner.The documents are ready to deal. Additional information is provided upon signing of the NDA by the potential purchaser.


Business Details

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

Company Information

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

Financial Information

Asking Price: $29,359,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment