Hotel in city La Massana
2500.00 sq.m., 59 bedrooms

€ 10 500 000
A building with 59 luxury apartments, on the ski slopes, in Andorra.
In the building there are one, two and three bedroom apartments intended for renting. New furniture. Low occupancy rate in recent years (22%) is due to the lack of interest of owners to continue their business. The average occupancy rate is 60% per year.
Andorra is one of the miniature states of Europe that has no access to the sea, located in the eastern Pyrenees between France and Spain, and associated with them. The once closed principality is now flourishing mainly thanks to tourism.
The cost of the building is 10 500 000 euros. Commission, at a rate of 3%, is included in the price. The rating for Booking - 9. The turnover is - 800 000 euros per year. According to the appraisal company's valuation of business in 2017, it was 19,000,000 euros. According to the valuation of the valuation company in 2015 - 13 000 000 euros. The bank's estimate in 2017 is 10,850,000 euros. The documents are ready for the deal.

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