Newly Established Hotel Seeking Loan in Bucharest, Romania

Company is renovating a hotel based in Bucharest that will have 70+ rooms.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries Hotels
Locations  Bucharest
Local Time 6:06 AM Romania
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3 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 6 million
Includes physical assets worth USD 3 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
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.

Products & Services Overview

Renovation of a 18th century building as a hotel, will have restaurant, spa and swimming pool.

Facilities Overview
Recent Activity
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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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