Location: Sliema, Malta. 4.6 miles to Valetta Airport
Guide Price: €13m
No. of Keys: 100
The Opportunity: The hotel is a luxurious 4-star property set in a prime location in the centre of Sliema. Local tourist attractions such as Sliema Promenade, City Centre St. Julian’s and Paceville are not far from the hotel. Also easily within reach are Eden Cinemas, Bay Street Shopping Complex and St George’s Beach .
Room facilities include balcony, climate control and direct-dial phone. Other room amenities include blackout drapes/curtains and minibar. In-room satellite television service.
The hotel has a restaurant. Public areas at the hotel are air-conditioned. Leisure amenities: There is an indoor/outdoor swimming pool at the hotel. Guests can also enjoy the following spa/wellness facilities: sauna.
The hotel could do with a soft-refurb. The owner is willing to provide an interest free loan of €4m with a 14 year term commencing with purchase, assuming a strong covenant.
They can also offer a further €9m loan providing it can be adequately asset backed, ideally with a British security. The term and interest is negotiable. JD
Main Photo: The street scene in Sliema
Flag and Management: Open…
Current Owner: Local company…owner willing to provide interest free loan, 30% to assist buyer
Agent: THPT is direct to owner.
Guide Price: €13m
Price per Key: €130,000
Date Posted: July 2020
THPT Comment: This is a great deal for a good-sized hotel, in a prime part of Malta, with interest-free loan opportunity…a must-see property.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.