Fantastic luxury Hotel 4 * located on the first sea line in Costa del Sol, 270 rooms, 26.5 million €, 6.5% profitability!
- The hotel is in the city center with a population of 100 thousand people in the province of Malaga, on the first line of the beach, close to yacht clubs and largest shopping centers.
- Distance to Malaga Airport – 10 km.
- The hotel is located on a plot of 17,000 sq.m.
- Consists of 270 rooms and there are a restaurant, SPA and fitness centers, various swimming pools, parking.
- The hotel is rented by a large hotel chain with a mandatory contract until 2042 with guaranteed payment to the owner of 1.725.000 euros per year, which is 6.5% of profitability.
- The hotel is in excellent condition and does not require any repairs or modernization.
- All expenses for the maintenance of the Hotel, as well as payment of local taxes, are paid by the tenant.
- Price: 26.5 million euros.
- The price does not include: 5% real estate agency services and notary fees.
- Bank financing is possible at 50% of the cost at 1.9% per annum for up to 20 years.
An excellent investment in the hotel business in Spain with a guaranteed income of 6.5% per annum!