709268 | Spain Yield 7,1% Portfolio 2 hotels Reduced 8,5 M

Spain Yield 7,1% Portfolio 2 hotels Reduced 8,5 M 3 * and 4 * on the Costa del Sol 400 keys , Most recent total renovation: 2006 There are 2 swimming pools on the Costa Del Sol.

33,500,000 €

42,000,000 €

Total area

22,500 m²

Property parameters

Land area: 20,000 m²

Total rooms: 400

Financial performance

Annual income: 2,200,000 €

Tenants

• Fully let

Property status

• Most recent total renovation: 2006

Features

• Balcony or terrace
• Swimming pool
• Garden
• Car parks
• Sea view

Two hotels 3 * and 4 * on the Costa del Sol.

Description

• Hotel 4 * : a building with a total area of more than 14,000 m² includes 200+ rooms. The hotel is located 300 meters from the sea.
• Hotel 3 *: a building with a total area of more than 8,000 m² includes 200 rooms. There are 2 swimming pools.

·         Financial performance

     The annual income is € 2,200,000.

The yield is 7.1%.

       Tenants

The buildings are fully leased. The tenant is a reliable hotel chain.

The lease was concluded for a period of 10 years.

·         Location

The hotels are located by the sea, in the largest city on the Costa del Sol, in the autonomous community of Andalusia. Distance to the airport — 10 km.

Andalusia is situated in the south of the Iberian peninsula, in southwestern Europe, immediately south of the autonomous communities of Extremadura and Castilla-La Mancha; west of the autonomous community of Murcia and the Mediterranean Sea; east of Portugal and the Atlantic Ocean; and north of the Mediterranean Sea and the Strait of Gibraltar.

Among the autonomous communities,

Andalusia is second only to Catalonia in tourism, with nearly 30 million visitors every year. The principal tourist destination in Andalusia is the Costa del Sol. Due in part to the relatively mild winter and spring climate, the south of Spain is attractive to overseas visitors–especially tourists from Northern Europe.

Financial Data:

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.