Apartment Hotel for sale in Ibiza

This 45-room apartment hotel has a license to get expanded to 100 rooms. The renovation costs will be approximately around 5 million €. Furthermore another building was approved on the property that provides additional 60 rooms, the cost estimate is approximately 3 million. This new hotel will be a four star hotel that offers 160 rooms.
About 500 meters to the nearest beach, 500 meters to the beach promenade with the inexhaustible range of restaurants, cafes and bars, which stretches to the marina of Santa Eulalia, just a few meters from the nearest supermarket or the immediately surrounding restaurants and bars. Overall, the situation can be called from a tourist point of view to be very beneficial, especially as the orientation to the South and West is certainly ideal. In addition, have beautiful views towards the verdant hills of Valverde.