This is the most amazing real estate opportunity on the medina property market.
It is a stand out top end twenty seven bedroom hotel – situated in the most incredible prime location – with a whopping annual income of 480,000 €!!!!
This stunning boutique hotel is literally right opposite the main square in the medina – La Place Jemaa el Fna.
The hotel is a flourishing business with a contract with an American tour operator – with plenty of room for business expansion.
Interestingly – the hotel has direct coach access and parking – so tour groups can arrive directly at the hotel.
This is a massive plus.
The hotel was actually designed by the renowned local architect Slimane – who trained and worked with Bill Willis.
It is super elegant and beautifully arranged – and each room is individually designed.
The riad is built on four levels – the basement level with its spa and lounges – the ground floor with its two patios and reception – the first floor with its decorative balconies – then the picturesque roof terrace with the pool and tented restaurant.
The hotel can accommodate up to sixty five guests and can cater for functions too like weddings and other such events.
In addition to the hotel business there is a massive commercial spa and a full scale restaurant.
At present the riad boasts twenty seven bedrooms, a luxury spa with a sauna, hammams and massage rooms, a terrace restaurant and bar, a roof top pool, three kitchens, full service areas and delivery access at the rear, an array of salons and two feature patios.
Further details upon request from the exclusive medina property agents – Chic Marrakech.