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Luxury Apart-Hotel Beach Complex with Italian Restaurant, Beauty Center, Beach Business
Luxury Apart-Hotel Beach Complex with Italian Restaurant, Beauty Center, Beach Business
Description
L#20220262
– The hotel is located on the first line of the Adriatic Sea.
– There are 44 apartments in the hotel, designed as De Luxe apartments with areas ranging from 48m2 to 100m2 with high ceilings and balconies overlooking the sea.
– The luxurious a-la-carte restaurant has its own terrace with panoramic glazing and automatically-shifting roofing. It can accommodate as much as 365 people.
– The hotel’s occupancy rate is 100% in high season and 30-50% in low season, making it highly competitive.
– We also organize weddings, birthdays, business lunches, seminars, cocktail parties.
– Hotel receives guest from all over the world.
– The apartment-hotel with the restaurant is one of the few complexes of this level that is working in Montenegro all year around.
– As a consequence of the pandemic, sales have fallen due to fewer visitors.
– Business is located in Montenegro and is listed on the platform by a management member based in Kazakhstan.
Basic Details
Target Price:
€15,000,000
Gross Revenue
€1,530,000
EBITDA
€960,000
Business ID:
L#20220262
Country
Montenegro
Detail
Business ID:
L#20220262
Property Type:
Hotels & Real Estate
Property Status:
For Sale
Target Price:
€15,000,000
Gross Revenue:
€1,530,000
EBITDA:
€960,000
Target Price / Revenue:
9.8x
Target Price / EBITDA:
15.63x
Real Estate:
Included
Business Description:
Hotel with 44 apartments, restaurant, private beach, terraces, room rentals, playground, beauty parlour, mini market, conference hall.
Facilities:
Own 6,000 sq m property with a 6-floor building. Property has 44 apartments, own beach space of 100 metres and own parking space.
– The hotel is located on the first line of the Adriatic Sea.
– There are 44 apartments in the hotel, designed as De Luxe apartments with areas ranging from 48m2 to 100m2 with high ceilings and balconies overlooking the sea.
– The luxurious a-la-carte restaurant has its own terrace with panoramic glazing and automatically-shifting roofing. It can accommodate as much as 365 people.
– The hotel’s occupancy rate is 100% in high season and 30-50% in low season, making it highly competitive.
– We also organize weddings, birthdays, business lunches, seminars, cocktail parties.
– Hotel receives guest from all over the world.
– The apartment-hotel with the restaurant is one of the few complexes of this level that is working in Montenegro all year around.
– As a consequence of the pandemic, sales have fallen due to fewer visitors.
– Business is located in Montenegro and is listed on the platform by a management member based in Kazakhstan.
Description
– The hotel is located on the first line of the Adriatic Sea.
– There are 44 apartments in the hotel, designed as De Luxe apartments with areas ranging from 48m2 to 100m2 with high ceilings and balconies overlooking the sea.
– The luxurious a-la-carte restaurant has its own terrace with panoramic glazing and automatically-shifting roofing. It can accommodate as much as 365 people.
– The hotel’s occupancy rate is 100% in high season and 30-50% in low season, making it highly competitive.
– We also organize weddings, birthdays, business lunches, seminars, cocktail parties.
– Hotel receives guest from all over the world.
– The apartment-hotel with the restaurant is one of the few complexes of this level that is working in Montenegro all year around.
– As a consequence of the pandemic, sales have fallen due to fewer visitors.
– Business is located in Montenegro and is listed on the platform by a management member based in Kazakhstan.
Basic Details
Target Price:
€15,000,000
Gross Revenue
€1,530,000
EBITDA
€960,000
Business ID:
L#20220262
Country
Montenegro
Detail
Photos
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