Project Description

HOTEL RESORT CLUB MARITIMO

Fuengirola, Spain

About:

Club Maritimo is situated on the beachfront of the Los Boliches area in Fuengirola on the Costa Del Sol. Here you’ll find one of the widest beaches of Southern Spain. Close by there are plenty of shops, bars and restaurants as well as a lively local produce market. All of the apartments are complete and comfortably furnished and have terraces overlooking the beach and satellite television. This holiday resort has a large swimming pool, a bar, tennis courts and many more onsite facilities. The Resort currently enjoys an 85% occupation due to the popularity of the area with both summer and winter guests.

The investment:

Various resort properties were purchased during the pre 2008 property boom period in Spain, however due to the world wide banking crisis, many property developers were forced to drop their property sales prices. The Realty Access property acquisition team was able to acquire some properties at prices well below the market value and has been managing these successfully over the last few years.

Exit strategy:

As Spain and in particular the Costa Del Sol, with its’ 360 days per year of sunshine, also known as the California of Europe, remains a popular destination for both holiday makers and an area to invest. Prices are slowly but steadily recovering and it this is expected to accelerate over the next few years.

This property is available in categories:

Premium Level Executive Level