Wonderful seafront hotel on Makarska riviera for renovation!
PRICE UPON REQUEST
North and Middle Dalmatia›Makarska
Distance to sea:
6 686 sqm
11 450 sqm
No. of bedrooms:
No. of bathrooms:
ADRIONIKA GOLDEN COLLECTION OF WATERFRONT HOTELS FOR SALE IN CROATIA! THE BEST HOTELS FOR SALE IN CROATIA ON OUT WEB-PAGES!
Excellent renovation project on Makarska riviera! Non-operational resort built in 1983-1985.
Total surface of the buildings - 6686 m2. Total territory - 11 450 m2
Hotel is offering 85 double rooms, 76 apartments and 13 villas. About 174 accomodation units in total for 506 guests.
- hall and reception - restaurant with kitchen - bar - outdoor swimming pool
Hotel is not in function for last 10 years. There is no personnel. Location about 100 km from Split airport.
Local UPU, PPU (urbanization plans approved by local municipalities) are adopted. As per these plans on 1,9 ha territory a 4 star hotel of 22876 m2 is possible.
Estimated value of the property - 7,5 mln euro There is a possibility to lower down the price to 6,5 mln euro. Hotel is currently in the hands of the banks.
THERE IS A BIG FINANCIAL PROBLEM. HOTEL IS IN URGENT SEARCH OF FINANCING OR SALE.
For information is available upon submission of official LOI - Letter of Intent.
Tourism is a key national industry in Croatia and this segment of Croatian economy is growing every year. Tourism industry generated officially 9 bln euro in 2016 in Croatia or 18% of GDP of the country. In 2015 there were over 12 mln registered tourists with over 90 mln overnights, in 2016 more than 16 mln tourists visited Croatia, by 2020-2022 Croatia is planning to double these figures as a part of national strategy. Croatia still lacks 200-300 modern hotels of which at least 150 should be of 4 and 5 stars. Many hotels are in need of modernization and upgrade to meet modern challenges. Croatia is planned to become all-year-round destination. Thus tourism is enjoying wide governmental support. Croatia is always named within TOP-10 tourism destinations by LOVELY PLANET and NATIONAL GEOGRAPHIC ADVENTURE MAGAZINE. The tourists are mainly coming from Germany, Austria, Slovenia, Italy and Poland. Tourism is Croatia is a highly attractive investment area, especially due to recent accession to EU. Croatia is also expecting to join Schengen-zone soon and will further stimulate tourism growth in Croatia. It is right time to invest in hotel infrastructure in Croatia and buy a hotel or mini-hotel in this country to be a part of success.
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