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Modern Small Boutique Hotel in Malaga East €390,000

Modern Small Boutique Hotel in Malaga East

Current Price: €390,000
New Price:
Rate data provided daily by European Central Bank
Beds
5

The Guesthouse which sits a few steps from the towns busiest plaza filled with restaurants and shops was recently finished (2017) to a jaw dropping design by the current owners whom are builders and architects.

They enjoyed the town when visiting as tourist but noticed the availability of upmarket boutique style guesthouses of international standard was missing in town and thus began their little project which since opening is showing tremendous acceptance with occupancy rates reaching just over 50% in the first 2 months.

A surprisingly high number of guest (54%) is of Spanish origin, whom to the owners surprise, tend to look for modern lodgings vs the more traditional Spanish towns settings available in town ensuring that year round trading exist and decreasing the dependence on foreigners who also frequent the town year round for the many activities available such as cycling, mountain biking, trekking, visiting the natural park, mountain climbing & wine tasting (the town is famous for its wine making) besides the culture and good food the Spanish pueblos tend to provide... All with sea views & mountain views just a 20 min drive to the coast and about 50 to Malaga airport.

Once you enter the building there is a small reception where guest check in to a nice red, white or sparkling glass before heading to their beautifully decorated rooms, on the top floor all guest have access to a self-service breakfast kitchen with a terrace as well that is always stocked with fruits, muffins, cereals as well as others items that can be eaten through the day on an honesty basis system. On the rooftop the property has an open terrace with views to the whole town and the sea as well as a bar and a gas/charcoal BBQ for guest to enjoy their stay. This upper space/terrace has been in great demand for events and weddings/parties as it can fit a decent number of people.

The owners have a legitimate reason to be selling such a little gem showing tremendous potential although there is no urgency and surely as the business establishes itself so will the price increase to reflect both the value of the property and the business as currently it is being sold mostly on the value of the property.

All rooms are equipped with complimentary WI-FI, modern furnishings and works of art as well as designer beds and 32' LED TVs as well as ensuite bathrooms with hairdryers, and showers with sound systems.

The facilities also offer a baggage storage space, lounge, ironing facilities, printer/photocopier use as well as the aforementioned kitchen and rooftop terrace/bar.

Up to date financials as well as KPIs will be given to interested buyers at premises since there is in place a very comprehensive hospitality/channel manager platform that the owners are very satisfied with.


Category: Boutique
Beds
5
Category: Boutique

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Category: Boutique