Beach-Hotel

Hotel in Mallorca for sale, situated close to the airport of Palma de Mallorca, only 50 meters from the main beach of Playa de Palma and nearby of bars, restaurants, different shops and the night-life of "El Arenal".
The four-floor Hotel with lift and central-heating consists of 60 beds. The rooms are all with balcony and shower-bathroom some with SAT-TV, mini-bar and air-condition. It has a bar, a restaurant with fully equipped big kitchen and a terrace. Further more there are two appartements of about 50 sqm in the upper floor. Allthough there are no contracts with any travel-agency it is well booked all over the year even in the lower season. The booking-rate for the season in 2010 is already 70%.
The Hotel is privately managed and well maintained.
There is a bank-valuation of 3.2 Mill. €
The reason for selling the property far under value is the death of a family-member.

Selling-price for this property: 2.1 Mill. EUROS