Four-Star 315-Key Hotel, 200 Metres From Beach, Puerto Banus, Marbella For Sale €42m
Location: Mistral Beach, Puerto Banus, Marbella, Spain
Name: TBA
Guide Price: €42m …reduced in recent weeks
Guide Price per Key: €133k
No. of Keys: 315 rooms and suites – 18 single rooms, 276 double and 8 suites…plus 12 rooms currently used by the owner, but included in the sale
The Opportunity:
An interesting opportunity to acquire this unusual 4 Star Hotel & Resort constructed in the style of an Andalusian White Village.
The hotel comprises 28,000 sqm of cobbled streets, quaint courtyards and landscaped gardens containing 3 swimming pools. The hotel was built in 1986, completely renovated in 2,000 and partial renovations in 2006 & 2014. The dining comprises one buffet and one a la carte restaurants.
The famous Puerto Banus is in close vicinity and the nearest beach is just 200 metres away. There are 50 golf courses within the vicinity, which the hotel has negotiated reduced rates for guests.
To upgrade the hotel, the rooms would require a full refurb, but at the price of €130k a key, there is plenty of scope!
One can see how close the beach is from the hotel…. SG
Flag & Management: Currently branded and managed by a major Spanish resort hotel company (11 hotels), and available flag-free or not
Current Owner: As above
Main Photo: The hotel’s unique feature is 28,000 sqm of spectacular subtropical gardens
Financials: 2019 financials with EOI
Tenure: Freehold
Agent: Retained local agent in partnership with THPT
Date Posted: August 2022
THPT Comment: This decent size hotel, so close to Puerto Banus, the beach…right on the doorstep of Hard Rock Cafe Marbella is well worth a look, especially at this price
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 week we mail the opportunities posted in that period, 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.