Hotel for sale in Tolox, Málaga

Great investment opportunity! Hotel ready to start operating! This hotel is located on the main street of the beautiful white village of Tolox and close to the famous Spa. Located in a strategically connected area with easy access to the Sierra de las Nieves. The building consists of 4 floors + basement and meets all legal requirements. Ground floor: Hotel access terrace, bar and reception, industrial kitchen with storeroom, laundry, leisure and recreation room, and dining/salon for events. Upper floors: 30 rooms of different sizes, all with en-suite bathrooms, air conditioning, and most with their own balcony. Laundry room, ironing room and a large terrace. In the basement there is the owners’ residence with approximately 160m2 consisting of 3 bedrooms, living room with open-plan kitchen and bathroom, which could serve as accommodation for hotel staff. On this floor there is also a bathroom for employees and two storage rooms. The hotel has a large outdoor parking area on the basement level. The building was completely renovated in 2006 and 2011. The hotel has solar panels, air conditioning in all rooms, a biomass boiler, an elevator and an emergency stairway to access all floors. Expected return of more than 15% annually. The hotel has an occupancy rate of between 13 and 15 days, thanks to the large influx of visitors who come to the town’s famous spa. It has a valid opening license, Junta de Andalucía occupancy certificate for 57 people, elevator inspection valid January 2025, and is in excellent maintenance condition, so its reopening could be immediate.