Three-star hotel with a long-term lease agreement.
Description
The hotel includes:
- 239 rooms
- restaurant
- swimming pool
- sauna
Financial performance
The absolute annual income is 960,000 €.
The current yield is 6%.
Loan
A possible loan of 11200,000 € at 1.9% per annum for up to 15 years.
Tenants
A lease agreement is valid for 20 years.
Transaction costs
Brokerage fee is 5%.
Location and nearby infrastructure
Mallorca is one of the largest Balearic islands located in the Mediterranean, and one of the most popular resorts in Spain (12 million tourists visit this island annually). The capital is Palma de Mallorca.
