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Exclusive Luxury Hotel Project In Tarragona For Sale

Tarragona, Spain
Asking Price:
€28,033,167
Turnover:
€1M - €5M
Net Profit:
€500K - €2.5M

Exclusive Luxury Hotel Project in Spain

Licensed luxury hotel project in Spain for family holidays and it aims at being one of the best, most profitable resorts of family entertainment in the heart of the Costa Dorada.

It also offers the possibility of building the first senior resort in the heart of the Costa Dorada, with houses and facilities suitable for older people (from 55 to 80 years old), with an operating model of vacation or lifelong rental, and with services of high performance.

It is prepared and it has the corresponding urban licenses for its immediate development this year.

Description of the Land:
The plot is 800m from the best beaches in the heart of the Costa Daurada. It is a nearly flat plot of land, square-shaped with a good, non-rocky land for agriculture.

Two thirds of this plot of land have a planting of over 700 olive trees, native to the Mediterranean.

It benefits from its own service of water supply coming from a legalized underground well and has a low-voltage electrical supply (220VA- 360VA).

Important to note there are sea views from a low height of elevation. In addition, this plot is well connected for road and rail transportation.

Investment Options:

Licensed project and plot without construction – 2,610,000

4 * Hotel 276 rooms – €28,033,167

Development, Building and Selling of a 4* Hotel Resort of 276 rooms (30 and 40 m²), capacity for 850 hotel beds
Consisting of 8 ground floor + two floor buildings and a main building with pools, gardens, parking and sports area.
License and project have been approved and the hotel is ready for construction which will take about three years.

The profitability that this new Hotel-Resort will offer in rent will be around 8%
The profitability of the operation of this new Hotel-Resort will range between 7% and 12%, with an ADR of over €91
and a RevPar of €65 in the area.
Offers an Annual Gross Rate of Return of between 7% and 10%

4* Senior Resort 162 apartments – € 28,016,343

Housing Development, Building and Selling of a Four-Star Hotel Resort of 162 Apartments (60 m² and 100 m²).
Capacity for 524 hotel beds
Consisting of 8 ground floor + two floor buildings and a Club house, terraces, pools, garden, Sports area, parking.
Annual rental yield 8%
Annual profitability of the Operation Rental 8.5% to 12%

Optional Extension of Plot:

The purchase of the neighboring plot for hotel use can also be considered.
This is a 76,000m2 plot with a buildable area of 38,000 m2.

Property Information

Real Estate:

Real Property Included

Location:

www.hospitalitybrokerspain.com

Contact Hospitality Broker Spain

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