Hotel for Sale in Jūrmala, Latvia
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 6 - 7 million |
| Run Rate Sales | USD 6.5 million |
| EBITDA Margin | 20 - 30 % |
| Industries | Hotels + 1 more |
| Locations | Jūrmala |
| Local Time | 6:12 PM Europe / Riga |
| Listed By | Management Member |
| Status | Active |
- The hotel offers spacious premium-class apartments with modern interiors, private kitchens, bathrooms, air conditioning, Wi-Fi, and other guest amenities.
- The property comprises 14 accommodation units, including 12 studio and family apartments and 2 luxury two-storey houses, catering to leisure travellers, families, and groups.
- The in-house restaurant serves international cuisine and features 70 seats across indoor dining and a terrace. It also offers breakfast service, bar facilities, private events, banquets, weekend dining, and delivery through Bolt Food.
- The hotel and restaurant each contribute equally to the business's total revenue, providing a diversified hospitality income stream.
- The hotel achieves 100% occupancy during the peak summer season till July, reflecting strong seasonal demand and the property's prime location.
- The business operates with all required business registrations, hospitality licenses, food and bar permits in place.
- The company hires additional temporary employees during peak tourist seasons to meet higher customer demand.
- The business offers a fully operational hospitality concept combining accommodation, restaurant services, breakfast, private events, and additional guest services, providing a turnkey investment opportunity.
- The hotel primarily serves domestic and international leisure travellers, families, and groups seeking fully equipped stays in Jūrmala, while the restaurant serves hotel guests and local residents with breakfast, appetizers, burgers, pasta, fries, international cuisine, bar services, private events, banquets, and food delivery through Bolt Food.
Intangible assets include the hotel brand, business registrations, hospitality licenses, food and bar permits, established customer base, online presence, and goodwill.
- Total building area: 1,139.6 sq. m.
- The property includes 14 guest rooms/apartments.
- The hotel and restaurant are fully operational.