Hotel 8 300 m² in Balearic Islands, Spain

DescriptionHotel 3 * in Mallorca, 189 rooms, 15.5 million €, 6% profitability!The hotel is located 400 meters from the sea, close to the center of the capital of Mallorca.Distance to the airport – 3 km (every 20 minutes a bus runs directly from the Hotel)Hotel area: 8.300 sq.m.Consists of 5 floors, 189 rooms, a restaurant, swimming poolsThe hotel was completely refurbished and underwent major renovations in 2005 and 2017 (year built 1970).The hotel is rented by a large international hotel chain with a mandatory contract of up to 15 years, with guaranteed payment to the owner of 930.000 euros per year, which is 6% profitability.All expenses for the maintenance of the Hotel, as well as the payment of local taxes, are carried out by the tenant.Hotel price: 15,5 million euros.The price does not include 5% real estate agency services.Bank financing is possible at 50% of the price at 1.9% per annum for up to 20 years.Excellent investment in the hotel business in Spain with a guaranteed income of 6% per annum!