Boutique hotel on the Costa del Sol

Company activities

The only hotel in the historic district of lively and authentic Vélez-Málaga, with numerous tapas bars, restaurants, and shops. The beach is 4.5 km away (tram connection). The beautiful old quarter boasts many Moorish influences, and has recently seen significant investment by the municipality, the EU, and local businesses: the fort and churches have been thoroughly renovated, and there's a museum, numerous shops, bars, and excellent restaurants. A beautiful 18-hole golf course is located on the coast. Granada and the Sierra Nevada (ski slopes) are an hour's drive away, and the airport is 30 minutes away. The hotel was recently named one of the 10 Best Boutique Hotels on the Costa del Sol. It offers a luxurious and relaxing atmosphere, with an excellent breakfast available upon request. Year-round occupancy. Also popular for corporate events and weddings. Completely renovated in the winter of 2012-2013, the hotel is fully operational with a generous return on investment. Room rates are €105. There are 11 rooms, two of which are part of an attached house. The private residence is also ideally suited for the caretaker/manager. All spacious rooms have a bathroom and walk-in shower, air conditioning/heating, satellite TV, and fiber optic Wi-Fi. There's a pantry with a bar, a beautiful roof terrace, a swim-up spa, and a bar/lounge.

Unique selling points

The only hotel in a historic district. Ideal base for culture, nature, golf, city life, and the beach. Beautiful Moorish-style building with spacious rooms.

Considerably higher earnings than with a B&B. Restaurant license. Private apartment (two floors) with private garden; can be converted into two additional rooms.

Ideal for those who want to combine entrepreneurship with sun, sea, culture, and nature; a true way of life.

Other

Private ground-floor residence, air-conditioned. Kitchen-diner, backyard with covered outdoor kitchen, second bathroom, bedroom with walk-in closet, bathroom with shower and bathtub. Mains water, 220-230 volt and 380-400 volt buffer tank. Emergency lighting, fire detection system last inspected in 2020. Operations are housed in SL. A permanent cleaning staff member is employed. The owner is responsible for breakfast, bookings, and administration (part-time). Significant potential: year-round opening, increased focus on golfers, business meetings, weddings, etc.

Recent appraisal by a local real estate agent: €1 million (excluding the business). Favorable partial mortgage, which can be taken over in a share transaction. Required own contribution for the acquisition: €500,000. There are also options for taking out a loan with the current owner.

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