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Nestled in the heart of Palma, this charming hotel offers a remarkable opportunity for transformation and investment, conveniently located just 20 minutes from Palma Airport, and included in the price is a parcel currently used as parking that is available for building. The property spans two floors and offers ten bedrooms and five bathrooms, covering a wide range of guest needs and configurations. Currently requiring renovation, the hotel boasts significant potential and benefits from existing licenses for both room rentals and a restaurant/bar, offering a versatile investment opportunity. The layout includes a spacious kitchen with infrastructure ready for the installation of a new, fully equipped kitchen, a dining area, an indoor bar, and three separate lounges with a lovely terrace overlooking the courtyard. The outdoor space includes two terraces in the patio area, complete with a bar, where guests can enjoy refreshing drinks in a delightful setting, ideal for relaxation and social gatherings. Additional amenities include uncovered parking spaces and a small storage area, enhancing the practicality of the property. The building is ready to be revitalized and tailored to your vision, making it an exceptional investment for those seeking to capitalize on its potential. #ref:5912