Family 4-star boutique hotel in Rabac with panoramic sea views. The hotel offers 12 luxury rooms, a restaurant, conference hall, an outdoor pool. The building has an elevator, parking. Great location on a hill above Rabac, famous for its magnificent pebble beaches more than 2 km long.
Behind the hotel threr is a spacious plot of land where it is possible to build a second building with 20-25 rooms (zone T2). There is a project of the famous architect for the construction of the second building.
The facility has excellent occupancy: - 35% via online booking - 25% through agencies - 40% through the hotel’s own website
The hotel is open 11 months a year. During the high season, the occupancy rate is 95% (from 15.05. to 01.10) In low season occupancy rate is 60%.
The hotel has four employees: - reception manager - sommelier (4 languages) - general restaurant manager (3 languages) - chef - maid
For the high season, an additional 7-10 people are hired. The staff was trained as per hotel standards of 4 starshotels.
Staff costs make up 28% of income.
The property is on a balance of the company. 100% of the company's shares are offered for sale, which allows minimizing taxation significantly.
There is a complete construction documentation of the hotel.
Update on 10/14/2018
Overall additional expenses borne by the Buyer of real estate in
Croatia are approx. 7% of property cost: property transfer tax (3% of
property value), agency commission (3%+VAT on comission), advocate fee
(0,5-1%), notary fee and official certified translation expenses.
Brockerage agreement on 3% commission (+VAT) is signed prior to visiting