Well established 38 room 3 star hotel 80 meters from the beach with 7% yield and great capital appreciation for sale
Built in 1991 con 1775m2 built, this well maintained/running hotel is for sale at an unprecedented €1,350,000 (45% of conservative current day construction/replacement costs) and with a technical valuation placing the gross replacement value at just over 2M and with depreciation at 1.63M.
Of the 38 rooms, 22 are doubles, 13 are triples/suites and 3 are simple for a total of 80 beds, all rooms have terraces with views.
In the hotel there is also a reception, management office, cafeteria, restaurant, bar, lounge area, summer terrace, tennis court, pool, and phones booths.
The hotel is sold without personnel or liens but existing debt can be transferred and personnel rehired.
For confidential information such as financial statements (P&L, BS), valuation, replacement costs, KPIs, etc.) please contact us, and NDA will be required by the buying party and also (possibly) proof of funds/bank letter.