Package offer of two hotels in Spain.

Torremolinos, Spain

  • Asking Price: $46,399,000
  • Gross Income: Not Disclosed
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #214958
  • Established: Not Disclosed
  • Employees:

Business Description

Two hotels, category three and four stars. The hotel has three stars 186 rooms (3 of them are switch-rooms). The hotel has four star 204 rooms (14 of them are switch-rooms). Swimming pools, restaurants, fitness center, gardens in the surrounding area. Hotels in good condition. 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 hotels are located in a very good location, close to the center of Torremolinos and the beach. The cost of two hotels 41 000 000 euros, subject to purchase with an existing hotel operator. The contract with him is concluded for 15 years, from 10 years - compulsory execution. The internal rate of return of 7% per annum. If you purchase hotels without an operator, their cost will be 43 000 000 euros. The documents are ready to deal. Additional information is available upon request.

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: $46,399,000
Seller Financing Available: No

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Business Listed By:

Dmitry Ivanov

Nord Investment