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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