Condominium buy in Las Galletas Canary Islands

Welcome to Tenerife, where the sun shines and the warm breeze blows all year round. This paradise island is not only a popular tourist destination, but it also offers an excellent investment opportunity for those seeking to expand their business portfolio. Presenting a perfect opportunity for investors, a luxurious 4-star hotel with 140 apartments, 8 commercial premises, and parking for 43 cars, located in Costa del Silencio, Arona, is now up for sale at an incredible price of 7,500,000 €. This property has everything a hotel could offer, from a large swimming pool, which was renovated in 2019, to a child's pool, restaurants, gym, disco, grocery store, diving center, and two bars. The hotel also has 29 private apartments, which form a part of the community of owners. In addition, there is a timeshare element, where there is an existing club, which has been downsized from its original size in 2020. The resort is currently undergoing complete refurbishment, although works stopped in 2022. With a land area of 2859 m2, the hotel boasts a total size of 8917 m2, including spacious terraces and a garage. The communal pool is perfect for guests to enjoy a relaxing swim and soak up the sun while taking in the breathtaking views. This luxury hotel is a once-in-a-lifetime opportunity that investors shouldn't miss out on. Don't wait any longer and seize this chance to own a piece of paradise in Tenerife. Call now to arrange a visit and discover more about this fantastic investment opportunity. Reference number: TF-496