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Hotel 3* in the Canary Islands.
Environment:
The future transaction allows:
In case the future owner decides to purchase a hotel with an operator, the rental price will be 1.050.000 EUR / year. Thus, the yield will reach 7%.
The basement and lower floor are rented out and included in the operation.
The hotel is a modern 8-storey complex with a total area of 4,720 m2. The hotel has 96 rooms equipped with any kind of guests, including air conditioning, modern amenities and spacious rooms. The building is located in a privileged location with wide opportunities for various business models: from a classic city hotel to an apartment format, and also allows for a complete rebranding. The hotel is fully operational and is a highly liquid asset in the heart of the capital of the Canary Islands.
