Welcome to Hostal Corona in El Terreno!
This emblematic building built in 1930 by Mallorcan architect Gaspar Bennazar, was reformed in 1987 and turned in to a hostel and restaurant. It has a large charming entrance patio where for years cultural activities has been organized.
Since 1987, its owner undertook its reform, respecting the character of this establishment, as well as its corners and details. The building is the work of the well known Mallorcan architect Gaspar Bennàzar . The property is listed. It has a large entrance patio where, for years, cultural activities were also organized.
The establishment is distributed on three floors with natural light and high ceilings. Different terraces and porches for entertainment, dining areas, and several halls. and has been closed since the first confinement due to the pandemic in March 2020. The property has a service license and can open a hotel or restaurant anytime.
Adjacent to the property there is a parking for 10 cars and could be used to expand the property. El Terreno is one of the neighborhoods in Palma where the greatest real estate investment is being made by private companies. In recent years, foreign investors have been buying up buildings that were closed and abandoned to promote new homes and luxury premises.
The city council of Palma is also planning to regenerate the area with the Ponent Coastal Plan, financed with European funds. Among other actions, it projects different connections between El Terreno and the Paseo Marítimo, the redevelopment of Plaza Gomila, and Calle Germans Schembri.
Contact Mallorca Life Real Estate today!