Five Star Hotel For Sale
www.GlobalBX.com
Listing ID:
700267504
Listing Title:
Five Star Hotel For Sale
Quick Link:
http://www.globalbx.com/listing.asp?bId=267504
Industry:
Hotels and Holiday Accommodation
Industry Segment:
Hotels
Country:
Spain
State / Province:
Area
City:
Almeria
Asking Price Range:
$20.0M - $35.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
1986
Number of Employees:
50 - 99
Business Description:
The hotel is ''five stars'', near the city of Almeria.The hotel was built in 1986 and renovated in 2000. An area of about 14 800 square meters, golf club covers 2840 sq.m. Land area of about 12,290 sq.m. Directly adjacent to the hotel he owned golf course with 18 holes, an area of 365,000 square meters, with a club and a restaurant. The hotel has over 127 rooms + 90 apartments-studios. There are two restaurants, a large SPA-center with a wellness center, swimming pools, bar, gardens. The entire property is in excellent or good condition.The hotel is located between Almeria and Roquetas de Mar. The beaches of Aguadulce are located at a distance of about 7 km. The distance to the A-7 motorway is only 2.5 kilometers. The road to Almerķa Airport is less than 30 minutes. Almeria - a city in the southeast of Spain. The city is located in the south-east of the Spanish Mediterranean coast.
The cost of the hotel - 29 000 000 EUR + commission - 3% of the purchase price (plus VAT - 21%). The owner sold the hotel for 40 million euros. At the moment the hotel is 100% owned by the bank. Bank valuation of the object - 57 000 000 EUR. There is a management company, but the operator can bytt replaced. The documents are ready to deal. Additional information is available upon signing of the LOI the prospective buyer.
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