Seafront building in Mallorca. Hotel or luxury residential development

OPTION 1. FOUR-STAR HOTEL PROJECT~The property currently operates as a hostel, with an expired operating licence.~According to the information provided, the licence could be renewed if the property is converted into a four-star hotel. The building has an approved project for this conversion.~The proposal envisages a hotel with 16 rooms and 29 guest beds, featuring communal areas, a bar and restaurant, terraces, and a rooftop solarium with sea views.~An opportunity for investors interested in developing and operating a hotel project on the seafront.~The renewal of the licence and the feasibility of hotel operations remain subject to confirmation of the validity of the existing permits and the applicable administrative requirements.~~OPTION 2. LUXURY RESIDENTIAL DEVELOPMENT WITH SEA VIEWS~Alternatively, the property offers the potential to develop a luxury residential project comprising approximately 14–15 non-tourist apartments.~This approach would allow for the individual sale of the residential units to be explored, with a residential focus and sea views.~In addition, there are ground-floor areas that have not been included in the initial estimate and which could potentially accommodate additional residential units, subject to confirmation of their planning status, permitted development capacity and technical feasibility.~This alternative is aimed at developers and investors interested in exploring an exclusive residential development in a prime location in Mallorca.~~LOCATION AND FEATURES~Mallorca, Balearic Islands.~- Seafront location.~- Sea views.~- Mixed-use building.~- Plot size: 534 m².~- Built area stated in the project: 1,038.56 m².~- Approved hotel project, according to the information provided.~- Potential to explore an alternative residential development.~~TWO INVESTMENT OPPORTUNITIES IN A UNIQUE LOCATION~A property with the potential to explore both a hotel project and a luxury seafront residential development.~