Hotel for sale in Marbella, Málaga

Casa Balata

A timeless legacy: masterpiece building in the heart of Marbella’s old town

Boutique hotel in the old town next to the castle with 4 suites/apartments (option to expand to 7), a commercial space, and a private, spacious roof-terrace.

Nestled along the winding, cobblestone streets of Marbella’s historic Casco Antiguo (Old Town) with its traditional white-washed Andalusian buildings, this extraordinary property is a rare architectural jewel. Held by the same prominent local family for generations, the building underwent a meticulous, top-tier reconstruction in 2016. By artfully preserving original structural elements, the property retains its invaluable cultural character and soul, while offering the pinnacle of 21st-century luxury.

This is more than just a property; it is a piece of Marbella’s living history, tastefully blended with modern construction techniques and sophistication.

Property at a glance

- Location: prime centre of Marbella’s old town—surrounded by vibrant bougainvillea, boutique shopping, and gourmet dining.
- Composition: 4 independent luxury suites/apartments + a prime ground-floor commercial space (recently operating as a successful restaurant). 100 m² roof-terrace with views of the mountain and the city, built and prepared for a swimming pool.
- Year of reconstruction: 2016 (built to the highest European construction standards).

Technology & security

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

A historic connection

- Features some exclusive, curated pieces of furniture sourced from the legendary Marbella Club, owing to the family’s deeply rooted involvement with the iconic resort since its grand inauguration.

A perfect fusion of heritage and innovation

Every inch of this property whispers sophistication. The 2016 rebuild spared no expense, implementing advanced climate control, acoustic insulation, and high-end finishes while honouring the building’s Andalusian heritage.

A nod to Marbella’s golden age

The interiors are beautifully accented with select furniture pieces from the world-renowned Marbella Club. These elements bring an unmatched sense of quiet luxury, old-world glamour, and authentic local history into the spaces.

The residences

Four beautifully appointed 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

This versatile estate offers a rare flexibility and presents multiple lucrative pathways:

- The ultimate boutique hotel: transform the building into a bespoke luxury boutique hotel. The ground-floor premises serve as the perfect reception and signature restaurant, while the upper levels host guests seeking an authentic, upscale Marbella experience.
- High-yield rental portfolio: rent out the four premium apartments individually, alongside a steady commercial lease from the restaurant.
- A generational family estate: return the property to its roots as a grand family compound, catering to multiple generations under one roof while retaining an enviable private retreat in the centre of the Costa del Sol.
- Value-add expansion opportunity: the commercial premises offer the structural flexibility to be converted into three additional small studio apartments, maximising your residential inventory and rental yield.

Experience the soul of Marbella

Opportunities to own a historic property built to flawless modern standards in Marbella’s old town are exceptionally rare. Whether you are looking to secure a prestigious family legacy or launch a flagship hospitality venture, this property stands as a monument to the very best Marbella has to offer.

Private viewings are available exclusively for qualified buyers.