Hotel 4* is for sale, located in the historic part of Palma de Mallorca, the capital of the Balearic Islands, on one of the main commercial arteries, next to the promenade, the historic center and the Cathedral. The location combines tourist, business and shopping traffic, providing year-round loading.
Within a radius of 500 meters from the hotel are:
Modern hotel category 4*, completely renovated during the pandemic, carried out a complete reconstruction of all premises. The building has 78 rooms for 2-4 guests. On the top floor there is a bar-restaurant with a panoramic terrace and a view of Palma Bay, open to the general public. Its annual turnover is about €950,000.
Additional data:
The location, stable operating performance and potential for category improvement make the asset one of the most liquid offers in the center of Palma, especially against the backdrop of a limited supply of quality 4-5 hotels in the historic zone.
The property belongs to a private group of families, without debt and encumbrances. Operated by the owner, but available for branding or international network management.