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Hotel Chain 3 Hotels
Location Spain
Asking Price Range > $35.0M
Gross Revenues $500000
Net Profit / Cash Flow $500000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1965
Number of Employees 6 - 9
Relocatable Yes
Number of Employees 6 - 9
Real Estate Owned
Training Avaliable first year even guarantee income.
Reason for Sale Owner has invested in South America and wants to move all its business over there.
Description For sale 3 hotels under not management on the famous Mallorca Island, Spain, with connections flights to main european destinations. The hotels are fully functional operational from 1965, last refurbisment year 2005, over 800 rooms with social club, restaurant and many leisure areas and super locations nearby beach.
Hotel 8 - rooms 198, built area 8,500 sqm, price 9.520.000_. Price per room 48.080_. 2005, last refurbisment year construction 1965. Staff 2 full time permanent contract 37 ond part time. Location; 300 meters from sea 5 km from Palma airport; Arenal Beach.
Hotel 2 - 4 stars 184 rooms, 12 storeys built area price 18.000.000. Price per room 90.909_. 2004 last refurbisment. Staff. 14 km from Palma on a hill overlooking Magaluff Beach, 25 km from airport.
Hotel 7 - 3 stars 423 rooms 20.096 sqm. Price 20.340.000. Price per room 48.085_. 2005 last refurbisment. Staff. Area El Arenal Beach, 250 m from beach.
Please for further information send confidential letter signed on your company headed paper, together with your full company or contact details. Please be informed that finance will be only avaliable for 50% of the property valuation.
Selling price of the full portfolio 47.000.000 mill euro, we act under direct sales mandate from owner and our fees are paid by business owner. Please don't send email unless you are direct interested party or final purchaser. Contact for more information on this Hotel Chain for sale.
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