hotel for sale Puerto De La Cruz, Zona Norte

About this property

Investment Opportunity: Hotel Asset in Puerto de la Cruz, Tenerife~Property Overview~A strategic commercial property of 1,314.28 m² built on a 657 m² plot in the prestigious La Paz district of Puerto de la Cruz. With a 40-year track record in hospitality, this asset presents an exceptional opportunity for hotel and commercial development.~Key Features~~Total Built Area: 1,314.28 m²~Plot Size: 657 m²~Current Configuration:~~16 rooms and 18 bathrooms (700 m² hotel area)~5 commercial units (300 m² total)~3 storage rooms~130 m² basement area~Covered terrace (184 m²)~~~~Strategic Advantages~Location & Market Performance~~Situated in La Paz, one of Puerto de la Cruz's most sought-after areas~85% average annual occupancy rate (exceeding local market average)~Premium tourist zone combining tranquility with accessibility~Strong potential for boutique hotel positioning~~Commercial Revenue Streams~~Two active restaurant/bar licenses~Existing tenant paying €1,300 monthly (secured until March 2026)~Second commercial unit (including covered terrace) previously generated €1,500 monthly~Immediate income potential through commercial operations~~Infrastructure & Improvements~~Recent modernization of key systems:~~Electrical installation (7 years ago)~Plumbing (10 years ago)~Elevator (5 years ago, full renovation)~~~300-liter emergency water tank~Fully operational elevator accessing all floors including rooftop~~Development Potential~Hotel Conversion Opportunity~~Ideal for boutique hotel development~700 m² of convertible apartment space~Rooftop potential for premium amenities~Possibility for unique hospitality concept~~Commercial Enhancement~~Five versatile commercial units~Restaurant with 184 m² covered terrace~Café/restaurant space~130 m² basement for support services~~Investment Highlights~~Prime Location: Established tourist area with proven demand~Immediate Income: Existing commercial lease provides cash flow~Development Flexibility: Suitable for various hospitality concepts~Infrastructure Ready: Major systems recently updated~Market Timing: Aligns with Puerto de la Cruz's tourism revitalization~~Investment Considerations~~Hotel area requires comprehensive renovation~Opportunity to create a distinctive hospitality product~Potential for premium rooftop venue development~Strong long-term growth prospects in local tourism market~~This property represents a compelling opportunity to participate in Puerto de la Cruz's evolving hospitality market, offering both immediate income streams and significant value-add potential through strategic repositioning.