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#Business ID: 17827

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Successful hotel in the centre of Barcelona. Occupancy rate 94%

Business Location: Barcelona, Barcelona, Catalonia, Spain

Asking Price: € 5m & above Revenue: not disclosed Cash Flow: not disclosed

[Furniture / Fixtures included]

Business Summary

Excellent opportunity for investors to acquire a successfully working hotel in the centre of Barcelona. The hotel is located in the centre of the city, close to Plaza de Espanya and the international exhibition centre, only a few steps from the stop of the shuttle bus to/from the airport.
The hotel is successfully accommodating guests who visit the city for both leisure and business reasons.
The building has been recently refurbished, all the installations are new, all the rooms on the last floor are new, and the climatization system is new as well. No major work is expected in the next 5 or 6 years.
The hotel is built on a plot of 415 sqm and has a total built surface of 4,219 sqm. It accommodates 40 bedrooms, all with a surface between 40 and 50 sqm, able to accommodate 4 to 5 people.
In addition the hotel features the following:
-Private parking
-Restaurant
-2 lifts
-Gym with sauna
-Roof terrace with bar and view.
The engine room is located on the roof and is completely insulated.
The hotel is now a 3 star but it is possible to increase it to 4 stars.
YEARLY OCCUPATION 94%.

Property Details

Size:

4219 sqm on a plot of 415 sqm

Years Established:

1992

Property Type:

Real

Other Business Details

Business Location:

Gran Via de les Cortes Catalanes / Plaza de Espanya. The area is part of the district of Hostafrancs, which borders the Eixample (on the other side of Plaza de Espanya) and is a good location in terms of local services and transport links. The hotel is closed to two underground stations from which it is possible to reach Plaza de Catalunya in a few minutes. Sants station, one the main international stations of the city, is a few blocks away. Plaza de Espanya is just nearby. From Plaza de Espanya it is possible to take the shuttle bus that goes to the international airport in around 15 minutes without stops. In addition to plenty of local shops, bars, and restaurants, the hotel is close to the Arena shopping centre in Plaza de Espanya, with its wonderful roof terrace with view on the Montjuic. The same Montjuic, with its landmarks and its parks, is at walking distance. Due to its interesting location (Plaza de España is the centre of the international exhibitions like the World GSM Forum) this hotel represents an excellent investment opportunity.

Expansion Potential:

Possible to upgrade the category to 4 stars. Possible to add luxury suite on the roof terrace.

Business Operation Details

Employees:

12

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