A truly “ONCE IN A LIFETIME” renovation / investment project. The future buyer of this exceptional project will have the opportunity to turn this well-known & historic dream hotel “Villa Italia” into a luxury class private property (with an already granted building permit). Here we offer you an existing structure that can never be created again, due to the ever-reducing parameters set by the town halls in Mallorca. The future private property will extend over six floors with an overwhelming total floor space of 1,145 m2. The phenomenal master suite with studio holds a separate private terrace with uninterrupted panoramic sea & harbour views. 7 additional bedrooms with en suite bathrooms, including a staff or nanny apartment with a separate entrance, a wellness area with an indoor pool complete the special renovation project. Other features include an extension of a separate guest house (if desired), Mediterranean-style living areas, a heated outdoor pool, relaxation fitness spa areas and yoga retreat zones. Whirlpool, garage spaces, elevators to all levels, cinema, bar, wine cellar, countless terrace areas, energy-efficient heat pumps & solar technology, KNX home control & alarm systems, unique ventilation systems. Due to the already granted conversion permit, the renovation can start immediately!