Hotel 4* on the Costa del Sol, 243 rooms, 20.5 million €, 6% profitability!
- The hotel is located by the sea, in the tourist center of the city, with easy access to all its places of interest and excellent transport links to other nearby towns.
- Distance to the airport – 8 km.
- Hotel area: 10.500 sq.m.
- Consists of: 11 floors, 243 rooms, a restaurant, two bars, 3 swimming pools.
- Was completely refurbished and overhauled in 2019 (year built 1974).
- Rented by a large international hotel chain with a binding contract of up to 15 years, with guaranteed payment to the owner of 1.230.000 euros per year, which is 6% profitability.
- All expenses for the maintenance of the Hotel, as well as the payment of local taxes, are carried out by the tenant.
- Hotel price: 20.5 million Euros.
- The price does not include 5% real estate agency services.
- Bank financing is possible at 50% of the price at 1.9% per annum for up to 20 years.
Excellent investment in the hotel business in Spain with a guaranteed income of 6% per annum!