Palma de Mallorca's L´Arenal - Playa De Palma: Commercial Property For Sale

On request

This impressive resort hotel complex is the largest and most popular tourist destination in the surrounding area. Situated in the beautiful Arenal-Bahía de Palma Resort, this extensive property boasts 8 buildings with expansive communal areas, lush gardens, and multiple swimming pools. With 868 fully equipped rooms, this 3* hotel offers a total of 1736 comfortable beds. The property is currently priced at 75 million and has a demonstrable profitability of over 6%. Additionally, there is the option to include another 3* hotel in the same area, with an extra 224 rooms for a total of 1092 hotel beds - bringing the grand total to 2184. This expansion could be sold for a total of 90 million. The property does have existing mortgage charges, which can be cancelled or subrogated. Direct negotiations with the property owners are encouraged.