Hotel in Palma de Mallorca

€ 280,000,000

Description

A chain of 13 hotels in the Balearic Islands.
13 hotels of category 3 and 4 stars. The total number of rooms is more than 2 100.
The Balearic Islands are an archipelago in Spain in the West of the Mediterranean sea, near the Eastern shore of the Iberian Peninsula. The four largest Islands are Mallorca, Menorca, Ibiza and Formentera. The archipelago is an Autonomous community and province of Spain with its capital in Palma de Mallorca.
Most hotels are close to beaches and bays.
The cost of all 13 hotels - 280 000 000 euros. Company for sale. There is no statement. The average annual occupancy is more than 80 %. The documents are ready to deal. Additional information is available upon request and upon signature by the buyer of L. O. I.


Property details

Floor
7
Close to
Sea
Number of premises
2500
Currently functioning
1
Ownership type
Proprietary
Payback period
6 %
Year of construction
1997

Location

Palma de Mallorca

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