22 Room Boutique Hotel in North-West Spain For Sale

By Dev Anand | 22 October 2020

Location: Rural Location, in the Southern Province of Lugo, Galicia, Spain

Name: TBA

Guide Price: TBA

No. of Keys: 22

The Opportunity: The property is located within 7,400 sqm of gardens and private lands. The area of the hotel is 2,373 sqm. On the first (ground) floor there is a spacious lounge area with library, 16 bedrooms, all with great views and two with a private terrace.

A further 6 bedrooms are located on the second floor, with private terraces. In addition there are five more rooms for storage.

The hotel has a cafe-bar, restaurant, a large terrace and private parking. In the basement there is an events room, overlooking the reservoir, that can hold 200 pax.

The area is famous for the pilgrims taking the French Way enroute to the Santiago de Compostela, which is around 20km from the hotel, and the Ribeira Sacra (Sacred Shore) the convergence of the three rivers, Cabe, Sil and Mino.

The hotel opened in 2001. Tripadvisor readers rate the hotel 5/5, with 41 reviews as Excellent, or Very Good…and has been 9.5 out of 10 on Booking.com for the past four years.

Main Photo: The view of the hotel’s reservoir

Tenure: Freehold.

Brand/Management: Free to new owner

Current Owner: Local private family company

Guide Price: €1.75m

Financials: Full financials available on a LOI/EOI – Expression of Interest. The hotel had 100% high-season occupancy in 2019. The owners are open to offering financing options, such as deposit and deferred payments.

Agent: The Hotel Property Team

Date Posted: October 2020

THPT Comment: A fab opportunity to secure this boutique hotel, in a serene area of Spain, with great views, plenty for guests to do and immediate points of interest.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email [email protected].

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT

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