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    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.
    Support & Training:6 Months
    Reason for Selling:Retirement
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      – 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.

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