Hotel for sale in Mahón / Maó, Menorca

Possibility of sale with deferred payment
Seafront Hotel Complex
This apart-hotel is located in Menorca, 3 km from Maó and 10 km from the airport.

Currently, the operating license is registered as a 3-star apart-hotel with 150 rooms and 367 guest capacity, which is the authorized occupancy limit.

The complex is divided into two sections. The first section includes the reception area, swimming pool, and central terrace, with a total built area of 4,957 m2. The second is an independent complex with a built area of 1,682 m2, featuring its own swimming pool. Both sections are connected by an internal walkway.

The hotel consists of 10 buildings with a total of 150 apartments, each averaging 25 m2 in size, plus private terraces of approximately 10 m2 each.

It includes kitchens, a restaurant, a café, spacious terraces, communal leisure rooms, two adult swimming pools, and two children's pools.

A renovation project has been evaluated, with an estimated budget of approximately €2,800,000.

Characteristics
Built area: 6,819 m2
Plot area: 8,394 m2
Number of buildings: 10
Number of apartments: 150
TINSA valuation (2017): €27,000,000

Current distribution
Block A / 9 apartments
Block B / 8 apartments
Block C / 8 apartments
Block D / 13 apartments
Block E / 12 apartments
Block F / 9 apartments
Block G / 9 apartments
Block H / 28 apartments
Block I / 18 apartments
Block J / 36 apartments
TOTAL: 150 apartments
Currently, the operating license is registered as a 3-star apart-hotel with 150 rooms and a guest capacity of 367, which is the authorized occupancy limit.

Renovation project
The decorative renovation project will preserve the current aesthetics and the essence of the Menorcan style.

Modernist architectural details will be incorporated to improve quality and comfort, aiming for an upgrade to a 4-star superior rating.

The apartments, electrical installations, and climate control systems will be upgraded to comply with current regulations.

Common areas will be enhanced with an outdoor jacuzzi and a spa circuit, aligning the facilities with a future 4-star superior classification.

Private solariums will be added on the rooftops, and the central building will feature a solarium to expand communal areas.

To enhance guest experience and meet the requirements for a 4-star superior conversion, the number of rooms will be reduced to 146 apartments + 1 courtesy apartment, resulting in three room types:

Type A: 95 units / 231 guests
Type B: 28 units / 56 guests
Type C: 23 units / 69 guests
TOTAL: 146 units / 358 guests
Project upgrades
Communal spaces will be restructured to provide greater comfort for guests, expanding solarium areas, creating a spa, and adding extra services to enhance the overall experience.