Hotel for Sale in Cres, Croatia
Established | 10-20 year(s) |
Employees | 5 - 10 |
Legal Entity | Private Limited Company |
Reported Sales | USD 430 thousand |
Run Rate Sales | USD 430 thousand |
EBITDA Margin | 10 % |
Industries | Hotels + 1 more |
Locations | Cres |
Local Time | 9:25 PM Europe / Belgrade |
Listed By | Business Owner / Director |
Status | Active |
Existing hotel has 100 beds, a restaurant, and a wellness center with an indoor swimming pool of 60m2 and a 60-seater conference room.
Island Cres is the largest island in the Adriatic Sea. There are few hotels on Island Cres. Therefore there is a great opportunity for tourism. A few years ago, the neighboring island of Losinj had investors pump in EUR 200 million in the hotel industry.
Our hotel is located in Martinščica, which is 30 km from the town of Cres, and 40 km from Mali Losinj. Distance from the city of Rijeka is 95 km. From airport Rijeka (Krk) is 70 km. On the island, there are 2 ferry lines for Island and 1 catamaran from Rijeka.
The airport in Lošinj will reopen next year and will be able to accommodate aircraft up to 180 seats.
And 30 km from us, will be a constructed golf course.
We do not work throughout the year, our operating season is from April to October. The total sales in 7 months is EUR 400,000.
The hotel is in a zone with untouched nature, located 40 km from a health resort for respiratory diseases, like asthma, allergies, and psoriasis, and rehabilitation programs for locomotor system diseases, and neurological diseases.
Accommodation of guests.
A la carte restaurant.
Wellness services.
Indoor pool.
Just the land Hotel, restaurant, seminar hall, wellness with indoor pool, building for employees, building land for the construction of approx. 25 more rooms (50-70 beds).
Total owned land is 5,978.65 m2.
Total built area 2,909.66 m2.
Built area:
Restaurant- 1,302.93 m2.
Hotel - 1,258.09 m2. with 100 beds.
Indoor swimming pool - 60m2.
Conference room for 60 seats.
Building.
For employees - 102,65m2.
Building plot- 1284 m2.
The real estate owners are 2 companies.
In the ratio 75%: 25%
The open credit is still app. €3.5 million.
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Earlier than 15 daysChief Technical Officer, London, Commercial Real Estate Broker connected with the Business
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Earlier than 15 daysDirector, Brussels, M&A Advisor connected with the Business
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Earlier than 15 daysOwner, Zagreb, M&A Advisor connected with the Business