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real estates in Spain

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Mediterranean villa for sale in Calpe

Mediterranean villa for sale in Calpe

Price: 837 000 €

997 000 €

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Ideal cinema in Alicante transformed into a hotel

publication date: 14.10.2019

The famous entrepreneur Trinitario Casanova will open a luxury hotel in Alicante.


One of the noblest Spanish businessmen from construction industry, the owner of Baraka Group, has reached an agreement with the owners of the building, where the "Ideal" cinema was fitted, in terms of buying the property and its subsequent process of converting it into a hotel. 

This historic building, mentioned in the Catálogo de Protecciones de Alicante (the list of protected buildings in Alicante), is located in the city center at Avenida de la Constitucion. The project presented by the investor, takes into account all legal requirements concerning the structure. As a result of conversion of between 8 to 10 mln euros, it is planned to convert it to a hotel with 80 rooms. 

In order to "receive" the wanted object, Trinitario has taken part in an auction which started off with a bid of 5 mln euros.All the proposed projects assumed buying the old cinema with the idea of turning it into a hotel and renting it. One of the potential renters could be, for example NH Hotels who would be managing the new hotel. At the moment the group which will be doing so is not known. 

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Carisma real estates in Spain:

Main office
in Poland

Sopot

tel.: 0048 58-621-00-31

Offices
in Spain

Costa Blanca Torrevieja

tel.: 0034 966 29-93-38

Costa Blanca Calpe

tel.: 0034 966-44-44-35

Costa del Sol Marbella

tel.: 0034 966-44-44-35

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