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    Ad Reference: GVCCDLB

    Beautiful hotel with consent for expansion

    RUSTIC

    |

    RECREATION

    OTHER

    2 ha | Granada

    EUR 4,300,000

    USD 4,537,850.00

    Description

    An elegant 19th Century Manor House located in the hills just above the Costa Tropical and with consent for the construction of a 70-room hotel
    
    826 m2 Built Area
    21,245 m2 Land Area
    
    A rare opportunity to acquire a consented, destination-scale hospitality asset on the Costa Tropical, Andalucia, combining:
    
    Historic boutique 7-room hotel with established revenue and market presence
    Significant weddings & events business generating high-margin earnings
    Approved planning for 70 additional bedrooms (total 77 keys)
    Iconic filming location featured on Netflix’s The Rivals — global visibility
    Strategic location near new yacht marina and leisure/commerce development in Motril
    
    THERE ARE CURRENTLY:
    
    5 Guest Bedrooms and 2 Beautiful Guest Suites
    Elegant Guest Drawing Room and Dining Room
    Entrance Hall
    Relaxed Guest Sitting Room
    Superb formal gardens
     A marquee and various locations for outside entertaining.
    Swimming Pool
     Plenty of Guest Parking
    
    An elegant 19th Century Manor House located in the hills just above the Costa Tropical and with approval for the construction of additional 70-room accommodation.
    
    In an elevated location above the Costa Tropical, with views of the Mediterranean Sea, this beautiful property is surrounded by stunning sub-tropical gardens that provide numerous, magical locations for weddings, parties, private and corporate events and this is already a core part of the business.
    
    INVESTMENT HIGHLIGHTS
    
    1. Proven Operating Platform
    
    Strong weddings, private events, and destination revenue (more than 40 weddings per annum);
    High occupancy driven by event calendar and brand recognition;
    Significant room revenue uplift opportunity post-expansion;
    
    2. Approved Expansion
    
    Fully consented planning for an additional 70 keys;
    Enables repositioning to boutique luxury or lifestyle resort scale;
    Substantial upside through ADR growth and longer stay captures;
    
    3. Unique Brand & Cultural Asset
    
    Filming location for Netflix title ‘The Rivals’ — adds marketing and destination value;
    Differentiated in competitive investment universe;
    
    4. Regional Demand Drivers
    
    Sea-view destination with limited supply of comparable boutique assets;
    Proximity to Motril’s new yacht marina and leisure/commercial hub;
    Andalucía’s robust tourism fundamentals and season extension potential;
    
    Motril is fast becoming the new hotspot on Andalucia’s coast with the planned development of a marina in Motril, adjacent to the Playa de Granada. Playa de Granada is a lovely, low-key stretch of beach that is the location for the Belgian Royal Family’s beach villa. There is a golf course here and well-planned, sympathetic development of low-rise apartments and leisure facilities making it the perfect corner of the Granada coastline for investment.
    
    
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    Ian Rutter

    Agent

    Granada Village and Country

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