Project Summary
We created a hotel design concept tailored for the Island of Mallorca, Spain. In the last decade, Mallorca has experienced a stretched tourist season — with some people remaining for nearly six months out of the year.
We created a hotel design concept tailored for the Island of Mallorca, Spain. In the last decade, Mallorca has experienced a stretched tourist season — with some people remaining for nearly six months out of the year.
We are currently looking for an exiting finca, or country house, to reconvert into a small beach house, and then a boutique hotel that will serve a stylish, more year-round clientele. You will be investing into the existing real estate about $1.6m, plus renovation and reconversion costs of $800,000. The estimated costs are approximate and needs to be verified on site with a prospective investor.
Location: Mallorca, Spain
Investment type: real estate + renovation
Total Estimated investment : $3 millions
Estimate completion time: 12 months from purchase of real estate
Number of suites: 10 fully serviced, large studios with kitchen
Design & Architecture : MySuites and Co., New York www.mysuitesandco.com
Hotel management : SLH based on a HMA with the real estate owners
The concept of Miss Jade arose to address two major trends we are observing on the island.
1. The rise of a stylish, nomadically-minded generation that wants understated glamour, local access to experiences, and wallet-friendly prices.
2. Demand for longer-term stay options much like the Airbnb marketplace, but with the comfort, design, services, and assurance offered by a premier hotel.
The design and architecture aims to create more spacious suites with detailed attention to remote work situations on the island during the off-season. The hotel will diffuse a unique atmosphere and experience, especially during the winter months. The aesthetic will consist of natural tones and materials, concrete, and reclaimed wood — with particular attention to the overall layout of the space.
An understated social media campaign will turn the hotel into a creative hub of style- minded professionals looking to work remotely during their off-season time. By doubling the rental revenue, this hotel concept aims for an extremely high ROI.
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Real estate brokers please submit your portfolio of potential properties for sales here.
Date:
September 8, 2021
Category:
Independent Hotels Brands