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Businesses For Sale   >>   Croatia Businesses For Sale

Hotel Complex - Hotel Redevelopment Project

Location  Croatia
Asking Price Range  $20.0M - $35.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1970
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned

Description  
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.


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