Commercial property in Spain 4720 sq.m. No. 151961

A 3* hotel in the Canary Islands.

Environment:
The hotel is located in the heart of Santa Cruz de Tenerife, just 200 metres from the beach and a few steps from Plaza de España;Environment includes government offices, banks, travel agencies, restaurants, bars, shops and basic city services;Excellent transport accessibility: airport 20 minutes away and bus and tram lines close to the hotel;Central tourist area with year-round stable traffic.
The future deal allows:
Buy with operator (Adonis Resorts);Buy without operator - with the possibility to choose the network, management model or to manage the hotel directly.
If the future owner decides to buy the hotel with operator, the rental value will be 1.050.000€/year. Thus, the yield will reach 7%.

The basement and ground floor premises are leased and included in the operation.

The hotel is a modern 8-storey complex with a total area of 4,720 m². The hotel has 96 rooms equipped for every kind of guest, including air-conditioning, modern amenities and spacious facilities. The building is in a privileged location with ample opportunities for different business models: from a classic city hotel to an apartment format, and also allows for a complete rebranding. The hotel is fully operational and represents a highly liquid asset in the centre of the capital of the Canary Islands.