Smaller Hotels for sale in Granada

REF: SB1038

Dev.:

Type: Smaller Hotels

Location: Granada

Beds: 0

Baths: 0

Price: 1,900,000€

Description

15 bedroom hotel of impressive charm!
Just listed a wonderfully located hotel with 14 double bedrooms plus a junior suite and within five minutes from the Alhambra at Granada and twenty from the Sierra Nevada Ski resorts.
All rooms are themed and all are delightful with great décor, large comfortable beds, ADSL broadband internet, phones and bathrooms en-suite.
Located on a hill top, the views are fantastic.
The property has a guest’s dining room combined with lounge that has a log fire and residents bar. Built in 2002 on three floors great care was taken to provide large room sizes, excellent interior sound proofing.
Apart from the reception, the hotel has its own laundry and Bodega plus an excellent swimming pool in the grounds.
An occupation level between 90% & 70% with room charges between 70 and 90 Euros dependent on season provides an excellent profit level.
Heating of domestic water is achieved via solar panels and propane gas.
Staff wages in the region of 50000 Euros yearly and the total of all other expenses to operate the hotel, electric, water, propane, telephone, insurance, food etc amount to 32,000 Euros.
Searching through the many Internet travel reviews this delightful hotel gained constant praise from all who have stayed with most wishing to return.
The owners have recently purchased further land to increae the hotel facilities.
Business is offered at: 1,900,000 Euros. Valuation on October 2006 was 2,008,809 Euros.

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