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Mallorca Hotel 35+ Keys 5* valuation of € 9.75M by the bank, a development cost of €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 € 3.85 M in Spain . Distressed Sale 35+ Room 5 Star Boutique Hotel At Green Point Commercial we are pleased to bring this great Investment opportunity to the market. 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. The plans and licenses are all in place, the current cost of the Hotel is negotiable at €3.5 with a development cost of €2M the finished project as has been given a valuation of €9.75M by the bank, offering a great return on investment. Images as guide only. 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. |
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