Description

For Sale: 2-Stars Hotel in the Center of Benidorm, Spain, €10 Million, Profitability 8%.

· Location: Center of Benidorm, 200 meters from Levante Beach.

· The hotel consists of two buildings, with a total of 113 rooms, a restaurant, a bar, a swimming pool, and a reception area.

· A hotel chain is willing to lease the hotel on a long-term basis with an annual payment of €1.0 million, provided that the hotel is renovated with equipment upgrades costing €2-3 million.

· Price: €10.0 million + 5% commission (negotiable).

The occupancy rate of 2-star hotels in Benidorm exceeds 90% per year, ensuring excellent profitability in Spain’s tourism sector.