Hotel for sale in Marbella, Málaga

Casa Balata

A timeless legacy

An exclusive property with exceptional investment potential in Marbella's historic Old Town.

Nestled in a quiet cul-de-sac within one of the most desirable areas of Marbella's Historic Old Town, this property offers a truly unique setting. Here, the tranquil silence perfectly blends with authentic Andalusian charm—characterized by picturesque streets of whitewashed houses, steps away from vibrant local cafes and restaurants.

On the rooftop, the property transforms into a small, private oasis. Featuring a lounge area and a plunge pool, the terrace is designed to enjoy Andalucia’s exceptional climate and warm, balmy nights all year round. It also boasts rare, breathtaking views stretching across the mountains, the town, and the historic castle La Alcazaba.

This versatile property represents an ideal investment opportunity. It is perfectly suited for a boutique hotel, a charming aparthotel, or to serve as a luxurious primary or secondary residence for a large family seeking an unparalleled quality of life.

Held by the same local family for generations, the building underwent a meticulous, top-tier reconstruction in 2016. By artfully preserving original structural elements, the property retains its cultural character and soul, while offering the pinnacle of 21st-century luxury.

The property at a glance

- Location: Prime center of Marbella's Old Town—surrounded by vibrant bougainvillea, boutique shopping, and gourmet dining.
- Composition: Four independent luxury studios/suites plus a premium commercial space on the ground floor (formerly a successful restaurant).
- Size: Two studios of 30 m² and two of 60 m². All have small balconies (Spanish-style balconies), totaling 12. 100 m² rooftop terraces with views of the mountains, the city, and the castle. It also has a plunge pool.
- Entrance/utility: The entrance level, entrance hall/reception area, and utility room comprise 30 m².
- Expansion potential: There is the possibility of creating three more studios by also utilizing the commercial space.
- Year of reconstruction: 2016.

Technology & security

Fully integrated, advanced home automation (smart home system) and state-of-the-art security systems throughout.

A perfect fusion of heritage and innovation

The rebuild spared no expense, implementing advanced climate control, acoustic insulation, and high-end finishes while honoring the building's Andalusian heritage.

The residences

Four beautifully appointed suites/studio apartments offer bright, airy living spaces, contemporary kitchens, and elegant bedrooms. Flooded with natural light, they provide a peaceful sanctuary from the bustling town below.

The commercial space

The ground level features a thriving restaurant space with high foot traffic and an enchanting entrance that captures the romance of Old Town Marbella.

Endless possibilities & investment potential

- Ultimate boutique hotel: Transform the building into a bespoke luxury boutique hotel. The ground-floor premises serve as reception and signature restaurant, while the upper levels host guests.
- High-yield rental portfolio: Rent out the four premium apartments individually alongside a steady commercial lease from the restaurant.
- Generational family estate: Return the property to its roots as a grand family compound, with multiple generations under one roof and a private retreat in the center of the Costa del Sol.
- Value-add expansion: The commercial premises offer structural flexibility to be converted into three additional small studio apartments, maximizing residential inventory and rental yield.

Experience the soul of Marbella

Opportunities to own a historic property built to modern standards in Marbella's Old Town are exceptionally rare.