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Hotel Complex - Hotel Redevelopment Project
Location: Croatia -> Opatija
Industry: Hotels and Holiday Accommodation > Hotels

Business Summary

Unique opportunity to acquire a non-operational hotel complex conveniently located in prime location in the very heart of Opatija, a few steps away from the beautiful park of Villa Angiolina, the seaside promenade and the beaches, as well as shops, casinos and major local attractions.

Over the last few years in-depth studies have been conducted and a reconstruction project has been presented to and eventually approved by local planning authorities, thus confirming the feasibility of an extension of the building for the creation of additional rooms in the hospitality perspective.

Now all permits are in place to start reconstruction and extension works for the reconversion of the building into a 113-room hotel facility with restaurant area, bars, wellness and spa and an underground parking for 89 cars.

The buyer has the possiblity to consider different purchase options by acquiring the hotel with or without the permits for implementing the reconstruction + extension project drawn up by the vendor. For further info please contact.


Asking Price Range:  $20.0M - $35.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  1970
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale

Print Listing Id: 700182411
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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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