Partner Shares In This Famous Mediterranean Boutique Hotel For Sale

Business description

Buy yourself a new life. Not cheap, but priceless. Maybe you're successful but seeking greater fulfillment. You could semi-retire to a warm Mediterranean island to own and run a beautiful, successful and prestigious boutique hotel. We're talking 3.5 million euros here, so if that's a problem and you can't afford to buy the whole hotel then the good news is that minority partner shares are also available at only 35,000 euros for each 1% shareholding. Those shares come with perks like free nights as well as access to the doors that an association with the hotel can open.

The price mentioned, by the way, is 1.5 million euros below an assessed value only a year ago. Selling due to a nasty medical diagnosis and children too young to take it over for us.

Because we are no longer able to run the place by ourselves, we are currently negotiating a contract with a professional hotel management corporation with global experience and previous associations with such famous hotels as the Ritz in Paris, Claridge's in London, Richard Branson's La Residencia and the 5 star Son Net on Mallorca. We're certain they will take an already successful hotel and make it even more of a solid investment.

So if you've been looking for a way to break out of a rut, for a project to transform your life, open up new opportunities, secure your capital and build a more stimulating and productive life, take a serious look at acquiring all or some of this little gold mine of a hotel. Because we are retaining a majority stake in the shares, you can put a toe in the water with a smaller investment now and then expand your holdings as you see the results of your investment.

Is this a good time to make an investment of this kind? Well, there's a case to be made that the market is as low as it will go, but even if you were to wait for it to go lower, the best opportunities -- like this one -- could be gone. Better to go for quality now than wait and be offered only the leftover dregs.

Property information

Real Estate:

Real Property Included

Living accommodation:

An option, actually. We lived on the premises for some years.

Location:

In a pretty medieval wine village twenty minutes from Palma, the capital city.

Premises details:

18th century townhouse on the historical register with many original details preserved. There are some valuable antiques and pictures, and each room is individually decorated, with decor ranging from traditional to modern. The beds are handmade for us by the ViSpring company and we add goosedown pillows and Ralph Lauren's best sheets.

Size in square feet:

17,000 square feet or 1,500 square meters

Other information

Expansion potential:

We also have a restaurant just a few steps away.

Planning consent:

All permissions, licenses and consents are in place and current.

Competition / Market:

Lots of other hotels on this island, but our ours has been successful for almost two decades and is rated among the best in the Med, according to a number of prestigious guides. We were even listed in one New York guide as one of the world's fifty best small hotels, but we ourselves consider this nonsense. Still, they wrote it so I'll quote it.

Support & training:

We'd be happy to coordinate, help and train anybody coming in. We'd also mesh the marketing with our other hotel, well established.

Reasons for selling:

Said this, didn't I? The quack told me I had to slow down, taper off, cut back, and then QUIT.

Trading hours:

Open all hours. It's a hotel.

Financing available:

Take over 800,000 euros, approx, that we have.

Furniture / Fixtures value:

€250,000 (included in the asking price)

Inventory / Stock value:

€50,000 (included in the asking price)

Website:

www.boutiquehotelforsale.com