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Unique & Profitable Boutique Hotel in Ronda (steps away to all attraction spots) €1,450,000

Unique & Profitable Boutique Hotel in Ronda (steps away to all attraction spots)

Current Price: €1,450,000
New Price:
Rate data provided daily by European Central Bank
Beds
14
M2
864
Lot Size
964

This Boutique Hotel has 12 ensuite rooms, rooftop pool, massage room, pond, breakfast bar and a tropical garden, it also has additional 2 rooms and baths for staff (split into an apartment for the manager and room for staff) all of which sits meters away from all points of interest in Ronda, the hotel has been trading fully managed profitably for over 15 years.

Supremely located a stone throw away from both the Puente Nuevo & the Puente Viejo as well as the oldest Bullfighting ring in Spain and streets filled with restaurants and shops. The interior of the hotel is incredibly unique as it was born out of an original music band retreat and recording studio concept by the owner who used to represent several and was well known in the industry, but the property has since then been remodel into the fine boutique hotel is presents today with less but more spacious rooms, without losing the uniqueness of the original concept. The hotel also has a nice tropical garden as well as a plunge pool on the rooftop which is kindly unique in Ronda as well as an interesting pool filled Garra rufa fish which you may have seen in Spa center cleaning the feet of customers, quite a unique and entertaining experience, finally special activities such as Thai/Shiatsu/foot massages are offered by the in-house therapist.

While the hotel does employ a cook it only offers breakfast, which has become quite famous in the area presenting an opportunity to either expand the meal service or start a full service restaurant with a reorganization, presenting additional potential to an ambitious buyer as it holds a full restaurant license.  

Trade wise the hotel provides the owner with a decent 6% yield as the property is fully managed by staff which present a great opportunity for someone looking for a lifestyle business as not only several cost cutting opportunities exists but a natural increase in sales would ensue form being owner operated, but for those looking for a straight investment then keep in mind that since the current owner is busy with several other projects the yield of the hotel could easily be increased to 7.5% and there is value to be had just on the real estate as the property has a 2.1M valuation from TINSA which if updated we would reasonably expect to still be well above the current asking.

All relevant materials (such as floorplans, registrations, P&L, Balance sheets, valuation, hotel KPIs, etc.) are available for qualified buyers (signed NDA) and a sincere effort will be made to accommodate for request for additional information.

If you know Andalusia but haven’t visited Ronda then you need to correct that wrong, there is a reason Hemingway wrote Ronda was the place “to spend your honeymoon or to see a bullfight for the first time” but if you need convincing type Ronda on google and be pleasantly surprised about what the city is all about.

Interesting and directly related to the hotel is the wonderful boutique winery/vineyard scene that has developed around the city with over 30 local houses producing local and internationally well know grape varieties, the hotel has deals with several to provide not only quality local wine but activities for the guests. Another interesting activity for guests is to actually get to drive a racecar or their dream car in the nearby Ascari racecourse which tends to appeal to the typical clients of this wonderful hotel.

Hotel Description:

14 rooms, 14 baths, 864m2 built on a 964m2 plot, plunge pool, breakfast room, reception, massage room, fish pond, tropical garden, fully licensed, built 2001.


Category: Holiday Resorts
Beds
14
M2
864
Lot Size
964
Category: Holiday Resorts

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Category: Holiday Resorts