Hotel 4 957 m² in Spain, Spain

Spain
$72,40M
$14,605/m²
;
Last update: 17/03/2026

Location

  • Country
    Spain

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $14,605/m²
  • Total area
    Total area
    4 957 m²

Description

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:

  • boutiques of international brands Zara, Massimo Dutti, Bvlgari, Louis Vuitton and others;
  • El Corte Ingles shopping mall
  • many establishments for every taste and wallet;
  • More than 10 hotels.

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:

  • average ADR = €200;
  • Average annual load: 85%;
  • average annual load in high season (April-October): 95%
  • At street level, there are three commercial premises with rental income of €390,000 per year, which further enhances the investment attractiveness of the asset;
  • The hotel fully corresponds to the 4* category, and if desired, can be reclassified to 5* with a reduction in the number of rooms by 15%.

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.

Location on the map

Spain
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