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Five Star Hotel On The Island.
Location: Spain -> Mallorca
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Five star hotel on the island of Mallorca. The hotel has 190 rooms. Reconstruction of hotel was made in 2018. The hotel is less than 15 years old. Mallorca - one of the Balearic Islands located in the Mediterranean sea, belongs to Spain. The area is 3640.16 km2, thus Mallorca is the largest island in Spain by area. Like other Balearic Islands - Ibiza, Formentera and Mallorca - Mallorca is popular as a resort. The administrative centre of the island of Palma is also the centre of the Autonomous community of the Balearic Islands. The national anthem of Mallorca is La Balanguera. Mallorca is the most populous island of the Balearic Islands and the second most populous island in Spain after Tenerife in the Canary Islands. The hotel is located on the first line from the sea, in the North of the island of Mallorca. Selective zone, quiet, peaceful place, compared to other areas of the island. The cost of the hotel - 60 000 000 euros, in case of sale with an existing operator and 70 000 000 euros for sale with an existing operator. Yield - 6 % per annum. The average annual occupancy rate is 80 %. The documents are ready to deal. Additional information is available upon request and upon signature by the buyer of L. O. I.


Financials

Asking Price Range:  > $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2004
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

Photos

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Five Star Hotel On The Island. Photo 1




Print Listing Id: 700336169
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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