Hotel And Restaurant For Sale

Listing ID: 700140977

Listing Title: Hotel And Restaurant For Sale

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Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: Latvia

State / Province:


City: Riga, Old Riga

Asking Price Range: $5.0M - $10.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2000

Number of Employees: 10 - 19

Business Description:
Hotel and restaurant for sale in old Riga city: Riga country: Latvia currency & price: Eur 6,180,000 The real estate is in the old city. It is a monument of culture of the state value. It is constructed in 14 century. The building belongs by a classicism epoch. At first the building had 3 floors. The sizes of bricks testify to it. Width of a wall - 1 metre. Other floors are constructed in 18 centuries. Height of a cellar of 2,5 metres. In 1898 the citizen of France has organized in this building a workshop on manufacturing of the seals. Since 1924 in a building small workshops have been organized. In 1930 there was a chocolate factory. In 1965 the building belonged to architects. In 1998 the building has been reconstructed, and in 2000 cosmetic repair was done. The object consists of two houses and a court yard in the property. The first house consists of 7 floors of 978 square metres in which there are 7 apartments from 19 rooms and 3 separate apartments lux. A cellar, here is possible to make a billiard room. The second house consists of 3 floors. The ground floor - the restaurant, the second floor - kitchen, it is possible to make additional apartments of the third floor. Also there is a high cellar. The hotel - 700 sq.M. Restaurant - 530 sq.M. The house is provided by independent gas heating, the city water drain and water. Please ask for more information and pictures. Contact for more information on this hotel and restaurant for sale.

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