Small Boutique Hotel in San Pedro de Alcantara, Puerto Banus, with Scope to Expand to 60 Keys, For Sale…Not Beachfront

Location: Just North of N340, 1 km from San Pedro Beach, Puerto Banus, Marbella, Spain

Name: TBA

Guide Price: €7m as is…Budget to expand – €12m

Guide Price per Key: €583k – with refurb €316k

No. of Keys: 12 – scope to expand to 60

The Opportunity:

The hotel is located in Marbella and features a restaurant, bar, shared lounge and seasonal outdoor pool. In addition, it has a garden and terrace. It is 1 km from San Pedro Beach and 2.4 km from Rio Verde Beach. There is a 24-hour reception, airport shuttle service, room service and free Wi-Fi. The hotel is 2.3 km from Casino Marbella and 12 km from Marbella Bullring. Malaga airport, located 50 km away, is the closest.

The garden terrace of this hotel

Built in 1960, the property is is need of a complete refurb, which is handy as it would appeal to a buyer that wishes to add just shy of 50 rooms.

 

Flag & Management: Both free

Current Owner: Private family

Main Photo: The current building with pool

Financials: 2019 accounts after submission of an EOI

Tenure: Freehold

Agent: Local agent in partnership with THPT

Date Posted: January 2022

THPT Comment: Somewhat rundown hotel that is up for a rebuild to make a 60-room boutque hotel just 4 km from Puerto Banus

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.

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