Hotel for Sale in Cres, Croatia
For sale: four-star hotel with all amenities and owned land located on island in Croatia.
This transaction has concluded.
Premium Plan
| Established | 20-30 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 470 thousand |
| Run Rate Sales | USD 470 thousand |
| EBITDA Margin | 10 % |
| Industries | Hotels + 1 more |
| Locations | Cres |
| Local Time | 3:06 PM Europe / Belgrade |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
5.3 million
(Native Currency: EUR 4,500,000)
Reason: The owners split up. They are no longer agree.
Includes physical assets worth
USD
5.3 million
Interested to connect with advisors
Documents
Pitch Deck
(1.5 MB)
Description Text
(329.0 KB)
Building Details
(411.0 KB)
From The Sea
(62.1 KB)
Extract from the Commercial Court
(1.0 MB)
Hotel - Owners
(61.4 KB)
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.
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 daysDirector, Insurance And Finance Advisory, Ede, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Brussels, M&A Advisor connected with the Business
-
Earlier than 15 daysOwner, Zagreb, M&A Advisor connected with the Business
Tags:
Fine Dine Restaurant for Sale in Cres, Croatia
·Purchase Fine Dine Restaurant in Cres, Croatia
·Casual Restaurant for Sale in Cres, Croatia
·Purchase Casual Restaurant in Cres, Croatia
·Buy Fine Dine Restaurant in Cres, Croatia
·3 Star Hotel for Sale in Cres, Croatia
·4 Star Hotel for Sale in Cres, Croatia
·5 Star Hotel for Sale in Cres, Croatia
·Buy Casual Restaurant in Cres, Croatia
·Purchase 3 Star Hotel in Cres, Croatia
·Purchase 4 Star Hotel in Cres, Croatia
·Purchase 5 Star Hotel in Cres, Croatia
·Restaurant for Sale in Cres, Croatia
·Purchase Restaurant in Cres, Croatia
·Buy 3 Star Hotel in Cres, Croatia
·Buy 4 Star Hotel in Cres, Croatia
·Buy 5 Star Hotel in Cres, Croatia
·Hotel for Sale in Cres, Croatia
·Motel for Sale in Cres, Croatia
·Lodge for Sale in Cres, Croatia
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.
