FINCA

Palma investment property featuring hotel license located in Son Dameto

€ 7.800.000

This historic property in Palma, dating back to 1630, is a unique and charming option on the market. Although the property is being sold in its current condition, it presents an opportunity for a complete renovation and conversion into a city hotel. Already equipped with a project and planning permission to transform from a residential property to a 5-star hotel featuring a restaurant and event space, this property is sure to catch the eye of investors looking to enter the boutique hotel market.

Spanning approximately 7,200 m2, the property's built-up area measures 1,500 m2 and currently offers 28 hotel beds. Additionally, a building permit for an extension project of 1,500 m2, featuring a wellness area and 24 rooms, has been applied for. The property boasts stunning views of the Tramuntana mountains and is notable for its spacious rooms, stone arches, and rustic vaults.

Situated in close proximity to the city center and airport, the property offers ample space for the creation of a Mediterranean garden complete with a swimming pool. The beautiful courtyard and spacious terrace make for ideal outdoor entertaining space.

Investors looking for a luxurious hotel project surrounded by natural tradition and excellent infrastructure should take a closer look at this property. Boutique hotels are currently in high demand, and this is an exceptional opportunity to enter the marketplace. The property is connected to mains electricity and has its own well.