Hotel in Tarragona, Spain, 3 113 m²

Spain. Tarragona. Beachfront Hotel. Investment Profile – Superb Seafront Location in Tarragona 1. Property Specifications ● Location: Tarragona, Spain ● Current Use: Hotel ● Built-up Area: 3,113 m² ● Plot Area: 1,527 m² ● Rooms: 75 rooms spread over 6 floors ● Year Built: 1970 ● Status: In operation, with a valid lease (€250,000/year) 2. Operational Status The hotel is currently leased, but the current operator can be released from the lease without penalty upon sale. This will allow the new owner to reposition the property or enter into an agreement with a new hotel operator. 3. Potential Profitability ● Scenario: Direct operation after minor renovation ● Average occupancy rate: 65% ● Estimated Average Daily Rate (ADR): €85 ● Potential Gross Revenue: > €1,400,000 per annum ● Estimated Gross Operating Profit (GOP) Margin: 35–40% ● Estimated Value after Stabilization: €6.5–7 Million 4. Market Comparison In the Costa Dorada area, coastal hotels with similar characteristics are priced between €1,500 and €2,800/m². The asking price for this property (€4.5 million) is below the average market value, offering potential for growth. 5. Expansion Potential The complex offers expansion potential: an agreement with the owners of the adjacent waterfront building to integrate their property and expand the complex is possible, subject to urban planning, technical, and legal assessments. We will sell your apartment or house. We offer a selection of apartments and houses for various budgets, including commercial properties.