Aparthotel Alegría Barranco - Tenerife
The building is located at Avenida Santiago Puig, 3, 38660, in the Municipality Municipal of Arona on the island of Tenerife (Canary Islands) The plot is perfectly delimited by Avenida Santiago Puig on the edge south and by Víctor Zurita Soler street on the west boundary. In the North it borders the Rebeca Apartments and to the East with the Cattleya Park Apartments. Building with important reception room with ample luminosity, laundry area and maintenance, elevators for the different floors. It has 107 apartments distributed over three floors and different premises commercial on the ground floor. Additionally it has a solarium area and swimming pool. After the rehabilitation there are 107 apartments distributed over three floors and different premises commercial on the ground floor. All apartments have full services including television and air conditioning and the The vast majority have terraces Additionally it has a solarium area and swimming pool. It has almost 800 m2 of net surface of commercial premises throughout the front of the ground floor. Work of improvements of all the apartments facilities received in June 2020
Rental contract with operator Alegria for its exploitation from October 2021 with the following economic considerations:
Rental amount: Fixed: 1.300.00
Variable: 15% EBITDA and scaled according to
result up to a maximum of 400,000
Years:
Total: 15 years
Mandatory compliance: 7 years
OPERATOR: ALEGRIA HOTELES
Founded in 2012, it is present in Catalonia, Andalusia and Tenerife with more than 20 units in operation and
More than 2,500 rooms
With a staff in high season of more than 1,200 people
Gross margin around 30%
Turnover of more than 39 M in 2018 and with a closing in 2019 of more than 50
Additionally, the commercial premises are rented to different operators that generate an income of more than 250K per year.