Exceptional Opportunity: Near Marbella..

Proposal for investors to purchase a Golf and Country Hotel on the Costa Del Sol.

Location :

Situated on the Costa del Sol, 20 minutes from Marbella and 1 hour from Malaga Airport.
This Golf and Country club, which is now for sale, is walking distance from the marina and the beaches, with direct access via a pedestrian bridge.

Inventory :

Hotel : 4 stars
92 apartments each with proper title deeds. 71 are 1 bedroom and 21 are 2 bedroom apartments. All apartments are fully furnished.
Luxury Spa, 1.400 m2, area with all installations available. Has proper title deeds.
1 restaurant - bar, with proper title deed.
1 indoor area of around 1.600 m2. Has proper title deed.
Entrance, parking, lifts, etc.
Outdoor pool with great terrace.

Golf : there are 2 title deeds : 1 the golf course and 1 the buildings.
18 holes golf course, designed by Robert Trend Jones.
Cafeteria, restaurant.
Gymnasium.
Indoor pool.
Changing rooms
All equipment for the golf club
Buggies.
Etc.

In dual ownership:
Land with license to build 100 apartments: 7.900 m2 buildable fully licensed. (licenses still need to be payed.)

Current situation:

Several title deeds are owned by different banks, several title deeds are owned by the original owner.
The owner has the power over the whole transaction and has agreements with all the banks involved.
The golf club has several members and shareholders. As the original owner has 51 % of the shares, there is a way to get full ownership of the golf club. The golf director is the person who will take care of this matter, if so desired.

The whole complex is for sale as 2 deals.
So it's possible to buy only the golf or the hotel.

The hotel and Spa is closed as the management company went bankrupt.
The golf is open 365 days a year.

The whole complex needs some works, a good cleaning, paint, etc.
But in general it's very well kept and maintained.

Price :

In 2009 there has been an offer of 37.000.000 €, which has been rejected by the owner.

Due to the 2008 crisis everything went down, and although it needs to be negotiated, the price could possibly go down to 11.000.000 €.

To update the whole complex an investment between 2 to 4 mio. € is required.

Possibilities :

This complex has a great variety of opportunities :

For example:

Exploit the hotel as a normal 4 star hotel, exploit the spa and exploit the golf.
Manage the hotel as apart hotel : sell the apartments with hotel service, and an interesting ROI for the future owners.
Manage the complex as service flats : sell or rent the flats. The buyers or tenants will have great facilities : Spa, indoor and outdoor pool, golf, tennis, etc. It's easy to convert part of the locals as day clinic.
Sell it as a type of 'time share.' Partial ownership. If more information is required, we can send it.
Sell the golf to a third party and concentrate on the hotel - apartments.
Etc.....

Conclusion :

This complex is a great opportunity for investors.
Having the possibility to buy a 4 star hotel, a golf course and all infrastructures at such a price is very rare, even in this period of property downturn.(About to change!)

The location of the complex is unique, fantastic sea views from the hotel and the golf course, walking distance to the sea and the marina, and at the Costa Del Sol, Europe's finest climate.

It is worth studying all the possibilities, and we at Open Frontiers are willing to help you through all the stages.

The court is currently accepting the offers, so need to go rather fast. (October 2016)

Features

Rooms

Number of floors 5

Total bedroom(s) 92

Extras

Condition Reasonable

Areas

Gross Area 550000.00 m2