Commercial property 4 720 m² in Canary Islands, Spain

Hotel 3* in the Canary Islands.

Environment:

• The hotel is located in the heart of Santa Cruz de Tenerife, just 200 meters from the beach and a few steps from Plaza España.
• The surroundings include government agencies, banks, travel agencies, restaurants, bars, shops and major city services;
• Excellent transport accessibility: the airport is 20 minutes away, and next to the hotel - bus lines and tram;
• Central tourist area with year-round stable traffic.

The future transaction allows:

• Purchase with the operator (Adonis Resorts);
• Buying without operator – with the ability to choose a network, management model or manage the hotel directly.

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.