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Four Star Hotel In Hungary

Location  India
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $1500000
Net Profit / Cash Flow  $1000000
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2004
Number of Employees  35 - 49
Relocatable  Not Disclosed
Number of Employees  35 - 49
Real Estate  Owned
Training  yes
Reason for Sale  old age
Description  The hotel Description LOCATION EGER, Employees 35 Directors 5 Year completed: 2004 (Construction started in 1990. First unit with 22 rooms commenced operation in 1992. Different properties were bought later and the final additional construction was completed in 2004. Tenure ( Leashold / Government Grant): Privately owned Duration of Lease - Years ( Since ): N.A. Site Area m2: 2,271 m2 Coverage %: 48 % GFA m2: 3,403 m2 No. of Storeys: 2 stories above street level, one below street level and the WINE CELLAR which is 14 metres below ground level No fo Rooms: 53 Type of Rooms: 1 Presidential Suite, 2 Junior Suite, 30 four starts rooms and 20 three stars rooms Size of Rooms m2: 1500 m2 Fir-out Standard - cost per room per night: 70 - 300 euro/night Restaurant Size - how many people Restaurant of the Hungarian Kings 100 m2, and Terrace 110 m2 (with electrically movable sun-roof), place for 120 people Ballroom/Banquette. Reception 150 m2, Lobby bar with internet facility 28 m2 Conference and workshop facilities 246 m2, Swimming Pool, Sauna, Gym 300 m2, Function Room, Modern kitchen and storage 242 m2, Billiard room 39 m2, Laundry 21 m2, Offices 17 m2, Court yard and parking area 1180 m2, parking outside hotel 172 m2 (security is provided by 8 CCTV with monitors and recording equipment) Nightclub N.A. Average Rate per day of using the Facilities: Open from 06.00 - 22.00. On an average 30-40 % are using the facilities. During winter months the utilisation % is higher. Occupancy of the Hotel: 52 % (counted on the ratio actually paid price/full price of the Room)....................................\
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