Hotel Business For Sale
Location Romania
Asking Price Range $5.0M - $10.0M
Gross Revenues $2900000
Net Profit / Cash Flow $725000
Cash Flow Type EBITDA
Seller Finance No
Year Established 1997
Number of Employees 35 - 49
Inventory 700000
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training Limited management support. Personal will stay.
Reason for Sale Liquidity crunch.
Description 70+ rooms hotel for sale plus 120 seats restaurant and 120 seats conference room built 1997 extended 2002 with over 60% occupancy rate in a mixed residential business area distress selling due to liquidity crunch of current owner. Looking for an corporate / investment fund buyer to take over $5.25 mil primary debt from local bank and pay-out current owner an additional $1.8 mil. 3 year tax returns under Romanian accounting system available upon request. Letter of intent to sale, confidentiality agreement, due diligence OK.
Click Here To Contact Seller
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