Hotel in Riofrío

€390,000 Investment & Development Opportunity – Riofrío, Granada Former Venta with Boutique Hotel, Aparthotel or Residential Development Potential An exceptional opportunity to acquire a substantial former hospitality property in the heart of Riofrío, one of inland Granada's best-known gastronomic and nature-tourism destinations. The property offers approximately 680m² of existing construction on a 779m² urban plot, with its principal cadastral use recorded as Leisure / Hospitality. A Small Village with Serious Visitor Appeal Despite having a permanent population of only around 300 people, Riofrío supports a significant year-round visitor economy centred around its famous trout and sturgeon gastronomy, internationally recognised organic caviar, restaurants, river, fishing and natural surroundings. Local reporting has recorded up to approximately 5,000 visitors during particularly busy good-weather weekends. Rather than using these peak figures, a more conservative working estimate would place annual visitor footfall in the region of 150,000–200,000 visits, although no official annual visitor count is published. Its location close to Loja and the A-92 between Málaga and Granada also makes Riofrío highly accessible for day visitors, weekend breaks and touring guests. The Development Opportunity The property's size and existing configuration create several exciting possibilities, including a boutique hotel, aparthotel, individual apartments or a renewed restaurant and accommodation concept. There are substantial existing hospitality areas together with a large unfinished upper level, giving a developer considerable freedom when designing a new scheme. Perhaps the property's greatest opportunity is above: an enormous flat rooftop overlooking the surrounding countryside and olive-covered hills. Subject to the appropriate permissions, this could become a spectacular roof garden, restaurant, cocktail terrace or communal leisure area, potentially creating the signature feature of a boutique hotel or aparthotel development. €390,000 Asking Price With 680m² of existing construction, a 779m² urban plot, established hospitality use and significant redevelopment potential, this is an opportunity aimed at an investor or developer who can recognise the potential of both the building and Riofrío's established visitor economy. A substantial building. An established tourism destination. And the opportunity to create something exceptional. Important Information In accordance with Decree 218/2005 of 11 October of the Junta de Andalucía, the purchaser is informed that notary, registration, taxes and other expenses inherent to the purchase are not included in the advertised price. Agency fees should be confirmed as applicable. Visitor numbers quoted are indicative estimates rather than official tourism statistics. All redevelopment concepts are ‌subject ‌to ‌independent ‌architectural ‌and structural ‌assessment and ‌the appropriate planning, ‌tourism, licensing ‌and administrative approvals. ‌Buyers should ‌undertake ‌their own legal, ‌technical ‌and ‌commercial ‌due ‌diligence ‌before ‌proceeding.