Refurbishment/Development Opportunity for 200 Room Five-Star Hotel, Marbella

By Dev Anand | 15 March 2021

Location: One km From Beach-Front, Five Minutes Drive from Rio Real Golf Course, Marbella, Spain

Name: TBA

Guide Price: €18m

No. of Keys: Was 192 Before The Hotel Closed in 2012, 60 of which were suites

The Opportunity: This former five-star hotel, located in the heart of Marbella operated as a hotel until it closed in 2012. The property had four restaurants with 480 covers, 3,300 sqm wellness clinic/spa, pool, garden grounds. The 41 metre tall property is situated on a plot of 36,872 sqm of which 21,875 sqm is built on and is an 11 storey building erected in 1974.

Besides the 18-hole Rio Real golf course, spread over 6,000m, which is considered one of the prestigious golf courses in the region by the Royal Spanish Golf Federation. Within close proximity there are a further 7 golf courses and more are available in the wider Marbella region.

The hotel lobby, as was

The plot of land in the current location provides an investor with an opportunity to acquire a prime development opportunity. The property complies with all planning conditions that determines multiple ordinances. Back in 2010 the P.G.O.U of Marbella has a definitive approved order in relation to effective urban planning.

The main hotel can either be restored to it’s five-star hotel heritage, or made into 150 apartment style suites, as the room sizes are generous….or run as a Medical Hotel & Spa resort. NP

Main Picture: The Hotel pool, as was

Current Owner: The hotel went into receivership in 2012. It was acquired in 2017 who have been considering their options since as to develop the hotel themselves, or sell it as is, which they have decided to do.

Flag and Management: Both free to the new owner

Financials: Floorplans available and other information, based on LOI/EOI being provided

Tenure: Freehold

Agent: Local agent in partnership with THPT

Guide Price: €18m

Date Posted: March 2021

THPT Comment: An opportunity to buy this serious hotel, well-located in Marbella to refurb and relaunch. A must for any hotel chain not represented in the area currently.

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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