Hotel Seeking Loan in Bucharest, Romania
Company is renovating a hotel based in Bucharest that will have 70+ rooms.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Hotels |
| Locations | Bucharest |
| Local Time | 5:42 PM Europe / Bucharest |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
2.77 million
for
10.0%
annual interest,
5
years
(Native Currency: RON 12,000,000)
Reason: For renovation and further construction of the property. Also open to an equity investment.
Collateral Available: USD 5.5 million
Includes physical assets worth
USD
2.77 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Property History
(13.2 KB)
Financial Forecast
(25.5 KB)
Business Overview
- A company in the hotel industry, based in Bucharest, Romania.
- The new hotel that we are renovating is still in the pre-revenue phase.
- Our parent company has 2 existing hotels in Romania. Each hotel is held under a different subsidiary company.
- This company has been created specifically for this new hotel.
- Hotel property is an 18th century historical building that has been acquired. It is now company owned.
- Building has basement, ground, 2 floors and an attic.
- Hotel has more than 70 rooms.
- Total area of property is 1,900 Sq. Meters and is located in a popular area of the city.
- We expect renovation to be completed and the hotel to be operational in 18-24 months years post receiving funds.
- Property will have a swimming pool, restaurant and spa post renovation.
- Physical assets include the property.
- The new hotel that we are renovating is still in the pre-revenue phase.
- Our parent company has 2 existing hotels in Romania. Each hotel is held under a different subsidiary company.
- This company has been created specifically for this new hotel.
- Hotel property is an 18th century historical building that has been acquired. It is now company owned.
- Building has basement, ground, 2 floors and an attic.
- Hotel has more than 70 rooms.
- Total area of property is 1,900 Sq. Meters and is located in a popular area of the city.
- We expect renovation to be completed and the hotel to be operational in 18-24 months years post receiving funds.
- Property will have a swimming pool, restaurant and spa post renovation.
- Physical assets include the property.
Products & Services Overview
Renovation of a 18th century building as a hotel, will have restaurant, spa and swimming pool.
Facilities Overview
Property is company owned and has an area of 1,900 Sq. Meters. It has basement, ground, 2 floors, attic and has a built up area of 7,600 Sq. Meters.
Capitalization Overview
Not Disclosed
Recent Activity
-
5 days, 20 hours agoIndividual Advisor, Mesquite, Financial Consultant connected with the Business
-
Earlier than 15 daysSpecialist Advisor, Investment Banking, London, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounding Director/Chairman, Finance, London, Corporate Investor / Buyer connected with the Business
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