S'Arenal, Balearic Islands

Hotel plot in S'Arenal (Palma de Mallorca) with project for a 4 hotel.Located in the most demanded area of Palma de Mallorca for beach tourism. Excellent public transport connection with the centre of Palma (10 km) and the airport (5 km). El Arenal is a tourist holiday resort with a huge offer of shops, restaurants, water and non-water activities, street markets, nightlife, wide range of excursions, and more.Characteristics of the plot: Urban plot with tourist use. Number of floors allowed above ground level: 5. Surface area: 7.247 m. Buildable area: 10.870 m. A few minutes walk from the beach and the yacht club.Sold with a project for a 4 hotel with the following characteristics: 242 rooms (483 beds) 5 floors 2 parking basementsCompetitive advantages: The plot is twice the size of the largest existing plot in the area. Lack of any other available tourist land in the area. Larger rooms, common areas and outdoor areas of the hotel than the competition. 2 parking basements in a very high demand area with a shortage of parking spaces.Price: 6.560.000 (plot + hotel project).We are at your disposal to provide you with more information.