hotel for sale Mahón, Mahón

About this property

*Possibility of sale with deferred payment*~Seafront Hotel Complex~This aparthotel is located in Menorca, 3 km from Maó and 10 km from the airport.~~Currently, the operating license is registered as a 3star aparthotel with 150 rooms and 367 guest capacity, which is the authorized occupancy limit.~~The complex is divided into two sections. The first section includes the reception area, swimming pool, and central terrace, with a total built area of 4,957 m2. The second is an independent complex with a built area of 1,682 m2, featuring its own swimming pool. Both sections are connected by an internal walkway.~~The hotel consists of 10 buildings with a total of 150 apartments, each averaging 25 m2 in size, plus private terraces of approximately 10 m2 each.~~It includes kitchens, a restaurant, a café, spacious terraces, communal leisure rooms, two adult swimming pools, and two children's pools.~~A renovation project has been evaluated, with an estimated budget of approximately €2,800,000.~~C H A R A C T E R I S T I C S~Built area: 6,819 m2~Plot area: 8,394 m2~Number of buildings: 10~Number of apartments: 150~TINSA valuation (2017): €27,000,000~C U R R E N T D I S T R I B U T I O N~Block A / 9 apartments~Block B / 8 apartments~Block C / 8 apartments~Block D / 13 apartments~Block E / 12 apartments~Block F / 9 apartments~Block G / 9 apartments~Block H / 28 apartments~Block I / 18 apartments~Block J / 36 apartments~TOTAL: 150 apartments~Currently, the operating license is registered as a 3star aparthotel with 150 rooms and a guest capacity of 367, which is the authorized occupancy limit.~~R E N O V A T I O N P R O J E C T~The decorative renovation project will preserve the current aesthetics and the essence of the Menorcan style.~~Modernist architectural details will be incorporated to improve quality and comfort, aiming for an upgrade to a 4star superior rating.~~The apartments, electrical installations, and climate control systems will be upgraded to comply with current regulations.~~Common areas will be enhanced with an outdoor jacuzzi and a spa circuit, aligning the facilities with a future 4star superior classification.~~Private solariums will be added on the rooftops, and the central building will feature a solarium to expand communal areas.~~To enhance guest experience and meet the requirements for a 4star superior conversion, the number of rooms will be reduced to 146 apartments + 1 courtesy apartment, resulting in three room types:~~Type A: 95 units / 231 guests~Type B: 28 units / 56 guests~Type C: 23 units / 69 guests~TOTAL: 146 units / 358 guests~P R O J E C T U P G R A D E S~Communal spaces will be restructured to provide greater comfort for guests, expanding solarium areas, creating a spa, and adding extra services to enhance the overall experience.~~