Playa De Palma Commercial Property for Sale in Palma de Mallorca

€ 2.200.000

This is a fantastic opportunity to purchase two charming hotels located in the Arenal Zone of Playa de Palma. The current owner is retiring, leading to the sale of the properties.

Featuring a total of 34 rooms and 56 places in Hosteleras, these hotels are fully equipped and ready to accommodate guests year-round. They boast an impressive occupancy rate of 80 to 90 percent and could even be converted into a four-star hotel with an additional floor.

Currently operated by the family, the hotels are situated on multi-family land, offering more flexible possibilities for use. The sale price is negotiable at €2,200,000, delivering a current profitability of 6%.

Additionally, with another operator, there is potential to increase profitability to 7 or 8%. There is also the further option to transform the hotels into tourist apartments or flats for sale by way of a horizontal division.

This purchase would offer an excellent investment opportunity for those seeking to enter the hotel, leisure or multi-family land market. Don't miss out on this unique opportunity!