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PROPERTY DETAILS Last Updated: 11/28/2011
Hotel Buenavista
General view of hotel
General view of hotel A feautere of hotel with garden A feature of the hotel with garden
Offered By Top ^
For Sale By Owner
Carlos Perez 0034669982221
Demographic Information Top ^
Address Santa Cruz de la Palma
City/State Santa Cruz de La Palma, Outside US
Postal Code 38700
Country Spain
Region Europe
View Maps
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General Information Top ^
Franchise Independent
Property Type Limited Service
Market Type Urban
Number Of Rooms 14
Year Built 1910
Terms Of Sale Cash
Listing Status Brokers Welcome
Hotel Web Site http://www.buenavista-hotel.com
Property Description:
Hotel of 1,200 sqm set in a plot of land of more than 14,000 sqm. The building is from the beginning of the century and the last reform and improvement was done in 1996. The building is set at the top of a cliff with wonderful views to the sea, the harbor, the city and the valley. It has only 12 rooms. Now is partly closed because the family hasn't got the time o the will to manage it and have not the capital to make further reforms. The building is in very good condition, but it needs to be reformed to get its full potential. The 6 rooms open to the public and the weekend events cover the expenses of the hotel and provide a nice profit to my family, the owner of this emblematic hotel and listed building. The best feature of the hotel is certainly its location and the potential for improvement. We have a license to expand the hotel and to convert it into a 5***** hotel with 10 rooms and with a good possibility of getting a license for a casino. The building is not mortgaged.
Location Description:
The location is the best feature of the hotel. Please, visit its web site. The building is surrounded by trees and green areas. Has easy access to the airport, the city center, leisure activities, hospital, marina and villages. The area is quite and tranquil. The views to the East are wonderful. To the west you have the green mountains of Cumbre Vieja. Roads and very good in the island as all its infrastructure. It is a location worth visiting because the photos do no make it justice. The hotel
Interior/Exterior Top ^
Lot Acreage 3.7
Building Sq. Feet 17,760
Banquet Capacity 200 - 500
Corridor Interior/Exterior
Performance & Results Top ^
Trailing 12 mo. Prior Year End
Occupancy (%) 65 % 75 %
ADR N/A N/A
REVPAR N/A N/A
Room Revenue $18,650 $20,500
Total Revenue $219,000 $265,000
NOI N/A N/A
Asking Price (USD) $3,710,000

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