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Hotel for Sale in Cres, Croatia

For sale: four-star hotel with all amenities and owned land located on island in Croatia.
This Business is on a Premium Plan
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
Overall Rating
Full Sale
Asking Price: USD 5 million (Native Currency: EUR 4,500,000)
Reason: The owners split up. They are no longer agree.
Includes physical assets worth USD 5 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

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.

Products & Services Overview

Accommodation of guests.

A la carte restaurant.

Wellness services.

Indoor pool.

Assets Overview

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).

Facilities Overview

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.

Capitalization Overview

The real estate owners are 2 companies.

In the ratio 75%: 25%

The open credit is still app. €3.5 million.

Recent Activity
  • Earlier than 15 days
    Chief Technical Officer, London, Commercial Real Estate Broker connected with the Business
  • Earlier than 15 days
    Director, Brussels, M&A Advisor connected with the Business
  • Earlier than 15 days
    Owner, Zagreb, M&A Advisor connected with the Business
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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4 Buyers already contacted this Business.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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