Hotel in Valencia, Spain, 4 500 m²

The investment project for sale is a historic building of 7 floors (81 rooms), located 200 m from Ajuntament Square, in the heart of Valencia.

Characteristics of the turnkey object:

- the project has a 4* hotel license;

- the total area of the building is 4,500 m2;

- 7 floors and 81 rooms;

- 300 m from the railway station;

- 250 m to the metro station;

- Olimpia Theatre 50 m.

The exclusivity of the project is that today the Valencian Community does not issue licenses!

The cost of a building with a license is 13,287,000 euro.

Additional renovation costs from 4,000,000 to 5,000,000 euro.

The final cost after repair according to a preliminary estimate is 30 000 000 euro.

The yield is more than 9%.