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.
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.
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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.