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Hotel for Sale in Jūrmala, Latvia

Apart-hotel and restaurant in Jūrmala with premium accommodation, strong seasonal occupancy, and diversified hospitality revenue.

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
Overall Rating
Full Sale
Asking Price: USD 6.5 million (Native Currency: EUR 5,700,000)
Reason: The owner is selling the business as the family has decided to relocate to another country.
Includes physical assets worth USD 6.5 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- Operating apart-hotel with an in-house restaurant for sale in the heart of Jūrmala, one of Latvia's most sought-after resort destinations, close to the beach, Dzintari Concert Hall, restaurants, pedestrian areas, and major tourist attractions.
- 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.
Products & Services Overview
- Apartment-style hotel accommodation and restaurant services.
- 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.
Assets Overview
Physical assets include the fully owned land and building which comprise about 80% of the total asset value, hotel and restaurant furniture, fixtures, kitchen equipment, appliances, and operating equipment.

Intangible assets include the hotel brand, business registrations, hospitality licenses, food and bar permits, established customer base, online presence, and goodwill.
Facilities Overview
- Fully owned land and building comprising an operating hotel and restaurant in Jurmala, Latvia.
- Total building area: 1,139.6 sq. m.
- The property includes 14 guest rooms/apartments.
- The hotel and restaurant are fully operational.
Capitalization Overview
There is one owner. The business has outstanding loans, which will be fully repaid and cleared at the time of sale.
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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3 Buyers viewed this Business this week. Register below to connect now!
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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