Description
Four star hotel, on the coast, in the Malaga region.
The hotel has been recently renovated and is in perfect condition. More than 200 rooms. Swimming pool, restaurant, Parking.
Malaga is a city in southern Spain, in Andalusia. The administrative center of the province of Malaga. The population is 568 212 people (as of 2012). The municipality is a part of the district (Comarca) Malaga — Costa del Sol. The second after the city of Seville in Andalusia. One of the cultural centers of Andalusia with rich traditions, University city, the venue of the Malaga film festival. Popular seaside resort on the Mediterranean coast of Costa del Sol, its transport hub. Among the famous natives of Malaga — artist and sculptor Pablo Picasso and film actor Antonio Banderas. Their names are the embankments of Malaga.
It is 300 metres from the beach and 20 minutes from Malaga airport.
The cost of the hotel is 22 000 000 euros. Yield - 7 % per annum. It is possible to extend the lease agreement with the existing hotel operator, for a period of 5 to 15 years, with the provision of a Bank guarantee and insurance policy. It is also possible to purchase a hotel without an operator. The average annual occupancy rate is 83 %. The documents are ready to deal. Additional information is provided upon signing of the LOI by the potential purchaser. Financial information is provided at the buyer's personal meeting with the owner.