Do you dream of owning a hotel business in Spain? In this article we tell you all the secrets of a successful business.
Hotel business options in Spain:
- Buy a ready-made business.
- Buy a building and convert it into a hotel.
- Buy a plot of land and build a hotel on it.
Your choice of option depends on your resources, ambition and financial capacity. Another important aspect is whether you will manage the hotel yourself or put it in the hands of professionals. The main advantages of the management company – you will not need to delve into the peculiarities of the local market and puzzle over how best to build a business – these tasks will take over the management company, and you will only have to make a profit.
But how to choose a hotel concept, what is the most promising option? First, let’s see what options are available in Spain!
Hotel
The most common type of tourist accommodation, which is chosen by lovers of comfortable vacations.
Hostel
A more budget-friendly option than a classic hotel. It can offer both private and shared rooms, as well as family rooms with their own toilet and shower. Hostels are aimed at unpretentious travelers and offer only the essentials, which explains the affordable prices.
Apart Hotel
Hotel, oriented for long-term stay. Instead of rooms there are full-fledged apartments with a fully equipped kitchen.
Boutique Hotel
Luxury hotels with a small number of rooms and exclusive design. These are usually themed hotels.
Bed and Breakfast (B&B) Mini hotel
These are usually houses set up as hotels. The bedrooms are rented, and the kitchen, toilet and shower are shared. Service in them is minimal, as indicated by the name – “bed and breakfast”, and the price is very affordable. In Spain B&B are usually rural hotels, so-called Casa Rural, located in small picturesque villages, near lakes, rivers and mountains. They are cozy houses, often in traditional Spanish style, with a large number of bedrooms.
Parador – Parador
Hotels housed in old mansions, monasteries, castles and palaces. They are characteristic for Spain and Portugal and are in demand by those tourists who want something unusual.
What requirements should I consider when obtaining a hotel license?
- Electrical supply system. To confirm compliance with the requirements, a technical engineer develops a power supply project, which must be approved after the appropriate inspection.
- Access for people with limited mobility.
- Ventilation. In the case of hotels, all rooms shall be naturally ventilated.
- All rooms shall be naturally ventilated.
- Height of the room. In hotels, ceiling heights cannot be less than 2.5 m, except in rooms such as passageway areas, restrooms, storage rooms and waste rooms, where ceiling heights can be a minimum of 2.1 m.
- Fire resistance of structures.
- Emergency exits. They cannot be more than 25 m from any point in the hotel if there is only one exit, and 50 m if there are two.
- Emergency exits
- Noise isolation. The activities of the hotel should not disturb people living nearby, so minimum noise insulation requirements must be met.
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Now the real question! How much can you buy a hotel for?
Here are some real-life examples:
Option 1: Mini hotel for 5 rooms in Benidorm, 200m from the beach! .
Price 472.000€
Option 2: Country hotel for 9 rooms in the mountains of the province of Alicante.
Price: 725.000€
Option 3: Country house with its own mountain and forest! .
Price: 1.150.000€
Option 4: Gorgeous hotel of 6 floors in Catalonia.
Price: 2.800.000€
Each of these options can become your hotel business! And we will help you with finding a unique concept to maximize your profits!
Contact Broadway Consulting for advice and to find profitable investments and business options!