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Hotel for Sale in Campello, Alicante

1 990 000
EUR
HOT.009
ID (ref)
Campello
City
1 000m²
Total area
1 000m²
Living area
20
Rooms
20
Bathrooms
Available mortgage
Elevator
Sea View

Looking for a profitable Business for sale in Spain? We have something for you to offer!


Two-star hotel for sale, built in 2004 in the city of Campello. The hotel has 5 floors, which are located on 1000 square meters. The hotel has 20 rooms with bathrooms, some rooms have a small kitchen.

Each room has all the necessary amenities - air conditioning, TV, Wi-Fi and safe deposit. In the lobby there is a cafe, and on the top floor there is a two-level penthouse of the owner with unforgettable sea view.


The hotel is located almost by the sea - only 20 meters from the beach. Near the hotel there are lots of cozy bars and restaurants. Great location, comfort and service were very highly appreciated by the guests. By the way, the average rating of the hotel on the Booking.com is 9.6 points!


The hotel is 95% full in summer and early autumn, and you will need at least 3 people and owner to manage the hotel. The building is in excellent condition and at the moment does not need even cosmetic repairs.


The cost of the hotel is 1.990.000 euros, it is possible to take a mortgage for 1.300.000 euros for 15 years with a mortgage rate of 1.9% per annum. Taxes and notary fees are not included in the amount. The hotel is sold due to the owner's retirement. The hotel has always belonged to the same owner.


Economic performance:
The annual turnover of the hotel is 260-300 thousand euros, while it works only 6-8 months a year. 

 

EXPENSES
Operating period                8 months     12 months   
3 persons                            52.000         78.000
Maintenance costs          
And other                          80.000         120.000
TOTAL                             132,000       198,000


REVENUES 
85% occupancy rate         + 307.200  (80€/room)
75% occupancy rate         + 405.000  (75€/room)
The result                         175.200       207.000
The profitability of           8.8% to 10.4%

Income in 2016/2017
95% occupancy rate (80€/room)      
Result                               + 547.200
Profitability                      18,0%
 
If you are attracted by an idea to move to Spain and live here permanently, consider buying this business. Call us, and we will tell you all the details, arrange a tour of the hotel and a meeting with the owner.