Hotel Hostel In Arenal For Sale

Business description

Comments:
This is a golden opportunity to purchase a small hotel on a freehold basis with all year round occupancy. The hotel has 69 rooms that will accommodate 130 people. Common rooms and the swimming pool terrace are all clean and in excellent condition and there is scope to develop the currently unused self service restaurant.

Current Operation:
This busy hostal provides good quality budget accommodation plus meals on the second line in this popular cosmopolitan resort. There is accommodation in 69 rooms for up to 130 people in a variety of three bedded and twin rooms. All the rooms have been refurbished and redecorated recently with new bathrooms and furnishings being added. All rooms have balconies with views and there is a lift service to all floors from the reception area. The business is busy for at least 9 months of the year and has the possibility of opening all year. The entrance to the business is directly from the street, up a couple of steps, into a spacious reception area with all the usual amenities such as a public telephone and a computer with Internet capability. Alongside the reception is a well-stocked and comfortable bar with seating for 15 people and leading from that is the dining room with formal dining furniture. A large games room leads from the dining room and comes complete with two pool tables and lounge type seating on two seat sofas. The large rear terrace has an area that has a permanent roof for shade, various patio style seating and sun loungers around a good size swimming pool that is well maintained. There is a small sunny front terrace with seating for up to 16 people on cane furniture. An additional space downstairs is currently unused but was previously a self-service buffet dining room. All the hot and cold display cabinets are in place but there is no seating or tables. This area is at present is being used for storage purposes.

Notes:
A good business for someone with some experience of the hotel and catering industry, to put that knowledge gained into running their own establishment, and to make their own decisions as to how the business is run. The business would suit a couple or small family and has the potential for growth particularly by opening in the close season or by re-opening the self service restaurant.

Premises Dimensions:
0

Finance:
Considering that the business is being offered on a freehold basis the asking price for it is very reasonable. Running costs for the business are average and new owners should see a quick return on their investment.

Rent:
£0

Asking Price:
€1755000

Property information

Real Estate:

Real Property Included

Location:

The hostal is located on the second line in this very popular cosmopolitan resort, with its long, sandy beach and large international marina. The hostal is surrounded by other bars and restaurants as well as hotels all of which make the area a lively one in summer months. The beach and resort centre are two minutes away and other attractions, as well as Palma itself are just a short bus ride away.

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