We present an extraordinary property: this historic hostel exudes the timeless charm of Mallorcan architecture, designed in 1930 by the renowned Gaspar Bennàssar and renovated in 1987 to blend elegance, heritage, and functionality. Located in Palma’s vibrant El Terreno district, it has been the scene of cultural and social events of renown.
The main courtyard, with its enchanting corners, is ideal for private parties, celebrations, and cultural events in a magical atmosphere. The hostel includes 14 cozy rooms for maximum comfort, five well-distributed bathrooms, and a fully equipped professional kitchen, perfectly suited for both restaurant service and special events.
At the heart of the property, the restaurant and bar offer a unique ambiance, enhanced by two partially covered terraces with stunning sea views and chill-out zones for ultimate relaxation.
Spanning three luminous floors with high ceilings and open spaces, this hostel provides exquisite versatility—serving as a top-tier hospitality business, events space, or cultural venue.
Though not currently operational, the property retains its hostel and restaurant licenses for immediate reopening. With a built area of approximately 480 sqm and additional exterior structures, plus parking for up to 10 vehicles—with the potential to build upwards or expand—this property maximizes profitability.
Listed and currently rated with one star, this building represents the ideal canvas to transform into an elegant boutique hotel, combining original architecture with unique contemporary design.
El Terreno stands as one of Palma’s most sought-after and up-and-coming neighborhoods, offering an arty, cosmopolitan atmosphere, easy city center access, and surrounded by high-end restoration projects. Acquiring this architectural gem is a strategic opportunity for investors or visionaries ready to unite tradition, style, and long-term profitability in Mallorca.
Don’t miss out on this unique investment: a historic hostel by a renowned architect, sea-view terraces, and unmatched potential. Contact us for more information or to arrange a visit.