Rare Opportunity 3 Star Hotel Moraira Costa Blanca For Sale

Business description

A rare opportunity to purchase a Freehold Business / Hotel in the centre of this prestigious town of Moraira. This Spanish Finca Style 3 Star Hotel in a tranquil setting and is only 500 metres from the beach. The hotel comprises 16 double rooms all with en suite and private terraces overlooking the hotel pool and gardens and with mountain views.

Hotel build approx. 2000 sqm. Plot approx 3000 sqm.

There is a beautiful 120 cover A La Carte Restaurant and Lounge Bar which is currently run under long-term secure lease with good rental income.

There is ample off-road parking for all hotel guests and restaurant clientele.

Additional areas, reception, office, cafeteria, laundry rooms, store rooms, independent building of a squash court and 350 sqm of undeveloped building perfect for health spa or gymnasium.

Hotel trading 365 days a year.

Full accounts available on request.

Open to offers depending on circumstances.

For more photographs of the Hotel please visit our website at www.loslimoneros.com.

Why this is such a rare opportunity

It is rare to find a freehold investment of this size in a town such as Moraira. It is rare to find a Freehold hotel that can justify the investment. This hotel earns good and regular income unlike a fair amount of other hotels that are for sale in other parts of Spain. This is a legitimate sale of a good and sound business. We are not giving any excuses such as retirement or ill health. This is a good Freehold investment and the hotel has an income that will justify this investment.

As you can see from the photographs on the website this is a very pretty Finca style hotel. All the rooms have private balconies overlooking the pool and gardens and with mountain views. Moraira is an upmarket town. It is such an easy walk that a lot of our guests do not feel the need to have a hire car. We are in a very quiet area of the town of Moraira, there is no main road noise and we are just 5 minutes walk from the beautiful local beaches. We are the only hotel in the town that has its own pool and gardens and ample parking. The orientation of the hotel means that we have sun at all times, winter and summer. 8 of our rooms have easy access for the disabled as does the restaurant and bar which is equipped with a disabled WC.

The hotel is currently run under management with good and reliable staff that have been with us for many years in particular the housekeeping and reception staff. Efficiency and cleanliness are our most important priorities. The hotel is maintained to very high standards. The staff may or may not be retained should you require. Because of this the hotel is very easy to run under management but there is also the opportunity for new owners to be more ‘hands-on’ and maximise profits.

We have a good return client base and all of our guests tend to be middle to upper end of the market and there are opportunities to expand this client base via booking agents which is a market that we have not explored fully. For the last 5 years we have had a steady 65% occupancy. We also have rental agreements with 3, 2 or 3 bed town houses next to the hotel for extra accommodation in our busy periods.

The Hotel has a restaurant/lounge bar which is currently leased on a secure lease of €30,000 per annum and the lease specifies that hotel clients are given preferential treatment. Also, in partnership with the restaurant, we undertake a good deal of large parties, for weddings, anniversaries, retirements, etc and we often fill the hotel and the restaurant with these clients. We have held ceremonies in the restaurant and by the pool.

Other Potential

The restaurant is a separate 2 storey building (as seen on our website). On the same level as the pool there is a 350sqm undeveloped space which would be ideal for conversion into a gym or spa.

Finance

Finance would be available for a Freehold business with a good income like this for up to 70%. There is an existing mortgage that you can take over if you wish. If you would like to discuss the hotels financial details in more depth and in total confidence please ring me on 0034 965770807

The hotel has been running for many years and because of this all the relevant business licences are in place, as are all H & S and staff regulations so you would be able to undertake the running of the hotel from day one.

Property information

Real Estate:

Real Property Included

Location:

In a tranquil setting just 500 metres from beach and centre of beautiful town of Moraira.

Other information

Expansion potential:

Potential for another 6+ rooms, plus 350 sqm area perfect for development as health spa or gymnasium.

Competition / Market:

Very low competition.

Reasons for selling:

Family relocation

Trading hours:

24 hours / 365 days

Financing available:

Information on request

Website:

www.loslimoneros.com

Contact the seller