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Boutique Hotel For Sale In Costablanca
Location Spain
Asking Price Range $500K - $1.0M
Gross Revenues $0
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description Boutique hotel B&B located in the cherry tree valley in Alicante, Spain, 25 km away from Denia and 20 km away from the sandy beaches of Costablanca.
A magnificent, surprising 700 m� (7534 ft�) house with 7 en-suite bedrooms and 1 manager's bedroom. Each one is different and personal, and common areas have a unique decoration -a beautiful dining room and a living room, a wonderful courtyard with gardens and Jacuzzi. All rooms have king size beds, air conditioning and heating systems. All materials are excellent quality -carpets, paintings, furniture, etc.
Excellent Spa area -a small 2 people Jacuzzi in the courtyard, a big 6-8 people Jacuzzi, underground swimming pool made from the old well found inside the house, shower area and a small area with deck chairs to relax.
The hotel has been granted the Spanish Q standing for ''quality'' from the ICTE (Spanish Institute for Tourist Quality) and it's a member of the renowned Rusticae hotel chain. It has also been awarded prizes from Gu�a Blanc and the Agencia de Turismo de Alicante (Alicante's Tourist Agency). The house has been featured in renowned domestic magazines such as El Pa�s, Gu�a de Hoteles con Encanto, Telva 101 Hoteles or Looc.
The place has been run at a pace to suit the owner -i.e., only weekends. Despite that, the hotel has experienced a 30% growth from 2010 to 2011.
The lot includes a 5000 m� (53819 ft�) plot located 5 minutes away from the building that grows cherry trees, olive trees and almond trees producing a yearly output of 500-600 kg cherries, 500-600 kg olives (120 l olive oil) and 100 kg almonds. It also includes a 500 m� (5381 ft�) plot located 2 minutes away from the building. This plot has been used as an orchard with orange trees and a loquat tree, but also as a vegetable garden currently growing broad beans, garlic and lettuce.
Offers are invited in the region of 850,000 _ (765,000 �), which is a great discount from 2009 's bank valuation of 1,150,000 _ (1,017,000 �).
Click Here To Contact Seller
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