City Palace Vélez-Málaga

Reference number:- R4630141

A unique opportunity to take over this city B&B. This former Moorish palace has been tastefully renovated into a boutique hotel (with hotel permit) with 9 guest rooms and a separate owner's residence. Open to serious offers!

It is located in the center of Velez Malaga, within walking distance of all amenities and 4.5 km from the beach. As is often the case in Andalusian cities, you cannot see the wealth and beauty behind the front door from the street. In this case as well, you will be amazed upon entering the property through the large antique wooden doors. From the entrance hall, you step into the impressive courtyard, the focal point of the property. On the ground floor, there is the breakfast room with an honesty bar, two guest rooms, guest toilets, and the entrance to the second patio, which can also be used privately thanks to access from the manager's residence.

The manager's residence has a large open kitchen/living room, one bedroom with an ensuite bathroom, and an additional guest toilet (with a shower). On the first and second floors, you will find the 9 guest rooms, including a family room with two sleeping areas. The other 8 rooms all have ensuite bathrooms, air conditioning, and tasteful furnishings.

On the rooftop terrace, there is a pool/large jacuzzi and several lounge beds. The business is currently open 8-9 months a year and generates a good turnover. However, with some marketing effort, much more can be achieved. Ideal location for a couple to manage and enjoy the pleasures of Spanish life.

Occupancy 2023: 55%, 1200 nights, average price around € 100,- (open 8 months)
Before Covid: 1700 nights in average