2 * Hotel for sale due to the owner’s retirement.
Arenal ZONE- Playa de Palma with 34 rooms, 56 places in Hosteleras. Open all year round with an occupancy of 80/90%.
Fully assembled and equipped. It enters mature areas, it can be remodeled to 4 * and go up 1 more floor.
It is currently run by the family.
The land where it is built is also classified as multi-family land.
Sale price € 2,200,000 negotiable.
Currently it gives a profitability of 6%.
DEMONSTRABLE With another operator possibility of 7/8% profitability. Society is sold.
Possibility of making horizontal division and transforming them into tourist apartments or FLATS FOR SALE.
Hotel, leisure and multi-family land.
Great opportunity.