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Luxury Hotel
Location: Romania -> Constanta
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Elegant four stars hotel for sale, located at the beautiful Romanian seashore. The hotel, built in 2002 is a private property, owned by a Romanian commercial company. The facility, basement + ground floor + mezzanine + 5 levels, is composed of 50 accommodation units (5 apartments, 5 extra-large rooms, 15 twin-rooms, 25 double-rooms) with comfortable and elegant furniture, satellite color TV, telephone, internet connection, mini-bar, hair-dryer, and air conditioning. It also includes 100-seats restaurant, 40-seats bar, fully equipped conferences rooms (one up to 80 seats, another one 20 seats), recreational center (sauna + massage + fitness), hairdressing saloon, night-bar, the management business office and 2 offices for staff, elevator, two air-conditioning systems and own heating system, parking space. Area specifications: 700 sqm plot of land out of which 500 sqm the building itself and 200 sqm the parking space; building developed surface = 4,102 sqm.
- selection of pictures can be seen at: luxury.st/details.cfm?id=138
- the price = EUR6,800,000+VAT (audit valuation is EUR6,987,000=VAT)
- Number of Staff: 35;
- min. 95% occupancy peak season(april-september); min. 65% occupancy off season(october-march)
- occupancy average percentage: 80%
- the hotel is open all over the year
- categories of clients: both nationals and internationals; business people mostly; local companies for business meetings/seminars/etc; sporting teams for training camps; NATO officials in mission; etc

Rate of investment refunding is 4,7 years = 6,800,000EUR/1,440,000 EUR.
- development opportunities: hosting of a Casino into the building premises (Casino activities are legalized in Romania); setting-up of a rotative bar on the upper terrace (technical and architectural ready projects).

Email or contact Mr. Arin Christu at ++40722983442, Bucharest, Romania/Europe for more information on this Hotel for sale.


Financials

Asking Price Range:  $5.0M - $10.0M
Gross Revenues:   $2,000,000
Cash Flow:   $500,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,500,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2002
Number of Employees:  35 - 49
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 70033844
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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