<p class="listing-paragraph"><strong>Mallorca Hotel 35+ Keys 5* valuation of &euro; 9.75M by the bank, a development cost of &euro;2M the finished project we sell for only 3,9M rooms and Spa/Wellness centre until the current owner ran into financial trouble your profit &euro; 3.85 M in Spain .</strong></p>
<p class="listing-paragraph">Distressed Sale 35+ Room 5 Star Boutique Hotel</p>
<p class="listing-paragraph">At Green Point Commercial we are pleased to bring this great Investment opportunity to the market.</p>
<p class="listing-paragraph">The project is a distressed sale of a rural Hotel. The existing Hotel is currently closed down and was about to be refurbished into a 5-star boutique Hotel with 35+ rooms and Spa/Wellness centre until the current owner ran into financial trouble.</p>
<p class="listing-paragraph">The plans and licenses are all in place, the current cost of the Hotel is negotiable at &euro;3.5 with a development cost of &euro;2M the finished project as has been given a valuation of &euro;9.75M by the bank, offering a great return on investment.</p>
<p class="listing-paragraph">Images as guide only.</p>
<p class="listing-paragraph">We are ready to provide with more detailed financial data upon signature of soft LOI (without penalties for non-buying) showing the financial credibility and interest of the potential buyer.</p>