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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 mý (7534 ftý) 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 mý (53819 ftý) 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 mý (5381 ftý) 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 œ), which is a great discount from 2009 's bank valuation of 1,150,000 _ (1,017,000 œ).
Click Here To Contact Seller
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