For sale Boutique Hotel project in the center of Xativa – possible financing
Update January: reduced for a quick sale: from 550.000 to only 298.000 Euros !!
A unique boutique hotel project in 18thcentury “Casco Antiguo”, offered by a experienced hotelier.
The building has been fully restored in 2006 and used for catering & restaurant before. It consists of a reception2 large salons / dining halls, 2 kitchens. On the first and second floor many large rooms and spaces. There is adjoining vacant lot for development of a closed 5 car garage with Pool on top, or a building of 443 m2 for additional bedrooms.
The current owner & hotelier is looking for a partner to join forces to convert into a hotel. As the current owner is a experienced hotelier he will convert it into a hotel turnkey and help to launch it and look after the marketing. He is offering several options:
- Buying the property as it is in current state at a price of 298.000 Euros
- Boutique 3 star hotel delivered turnkey to you: 550.000 Euros for 60 % of the shares of 15 room operational hotel (able to purchase the 40 % over the years)
- Owner finance possible for the hotel project ( open to discuss)
For the 60 % shareholder there will be 90% ROI in 10 years.
A little bit about Xativa:
Xàtiva is a municipio of Valencians Community (Spain) located in southern Valencia, the north of the central regions and it is the capital of the region La Costera. It has de largest number of enclaves in Spain, with a total of 26 and in 2013 had 29,400 inhabitants.
Historically, Xàtiva was one of the most important towns of the Kingdom of Valencia even competing with Valencia and Orihuela, the other two most important cities in the Foral period. It was the birthplace of the Borgia Popes and retains an important artistic heritage, although it was burned in 1707 by the Bourbon troops in retaliation for supporting the Austrac troops during the War of Succession. In 1822 it became the capital of the province of Xàtiva, disappearing following the territorial division in Spain in 1833.
Although Xativa is an inland city, you can find beautiful beaches just 40 minutes away, like cities like Xeraco, Oliva, Gandia, Denia and Xabia. Towards Valencia is also Saler beach and L’Albufera. A good plan for a sunny day.