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ID
15502
Location
Budva
Price, EUR
2 600 000
Activity type
hotel/mini hotel
Property area (sq m)
1450
Stake for sale, %
100
Annual revenue, EUR
200 000
Annualized ROI, %
7%
Payback period, YEAR
14.2
Year renovated
2009
Years in operation
17
Licenses in place
Number of staff
4
Number of managerial staff
1
Year built
2004
Running hotel business for sale in the very center of Budva, capital of Montenegrin tourism. Hotel has 21 double rooms and six 2-bedroom apartments, reception, 2 pools, sauna, laundry, lobby bar, restaurant with terrace, large courtyard and 10 parking spots. It is permitted to built further 1450 m2.
This is a great value offer for Montenegro, as the price per m2 of the hotel is below market average even for dwelling in the center of Budva. In this case investor gets running business, represented on all major booking systems with its own client base.
Hotel has a large indoor swimming pool with sauna and jacuzzi, massage room, changing rooms. It has a reception with lobby bar, restaurant with terrace. It also has a small outdoor pool, with sun decks, a large green yard of 100m2 and 10 parking lots for its guests.
What is important - there is a significant capacity increase potential as the buildings has a permit for construction of further 3 stories. This means that room number could be at least doubled with rather moderate investment outlay.
The location of the hotel is in the very center of Budva, just 600 m from the beach. It is situated close to main street of Budva, within comfortable walking distance from shops, medical care institutions, restaurants and bars. In the meantime, it stays on a quiet street with low traffic and protected by other houses from the noises of this busy tourist town.
All rooms are fully equipped according to a 3 star standard with all necessary to provide bed and breakfast to tourists.
