Waterfront hotel of cca 110 rooms for sale in Opatija
Exceptional offer of waterfront hotel in Opatija for sale!
COVID-19 result, urgent sale!
Waterfront hotel of cca. 110 rooms for sale in Opatija.
Hotel offers exceptional lux rooms, lobby, reception, restaurant, bar with terrace ocerlooking the sea, wellness, outdoor and indorr swimming pools.
For sale is 100% of ownership.
Photos on this presentation are meant for Opatija destination illustration only.
- Net revenue - cca. 8,2 mln euro
- EBIDTA - 3,2 mln euro
- Operating profit and gross revenue continuously rising since 2016, following the rise in occupancy rates.
- All financial data is available upon submission of official Buyer's presentation and non-binding Letter of Interest.
- Access to Virtual Data Room is available till the end of August 2020.
Opatija is a Croatian iconic tourist destination with more than 150 years of tradition in tourism.
It's 12 km long promenade, equipped beaches, fountainsm beautiful landscaped gardens, classical buildings in Austro-Hungarian style, heating air, subtropical climate with palms and cypresses made Opatija a true rival of Rapallo or San-Remo.
Opatija Tourist Information Center if writing in it's brochure:
Opatija’s history as a popular tourist destination begins in the 1840’s when a merchant from the city of Rijeka a few km away, Iginio Scarpa, built the Villa Angiolina which served as both a family retreat and a venue for high-society gatherings. The appeal of Opatija as a holiday destination rapidly spread, it was becoming more and more popular with Austro-Hungarian aristocracy.
Later Austrian laryngologist Leopold Schrötter found the local sea air to be an excellent cure for throat complaints. It turned out that the climate and air of Opatija also have a beneficial effect on the treatment of orthopedic, pulmonary, psychiatric diseases.
Southern Railway Company or Südbahn had caught momentum and had built a direct line from Vienna to Rijeka. Opatija riviera had become accessible for the residents of Vienna.
The construction of hotels was next on the agenda which was seen as a major requirement in order to meet the needs of a growing tourist industry. In 1884, the Südbahn had opened Opatija’s first sanatorium, the Kvarner which continues to operate today under the name Kvarner Hotel.
Since its early days, Opatija was always seen as an exclusive resort for the horse-and-carriage set and it had soon become popular amongst the Austro-Hungarian royal family. Emperor Franz-Josef himself was a regular visitor to Opatija riviera, and was joined here by his German counterpart Kaiser Wilhelm II in 1894. This is the history of Opatija's becoming Croatian Cote d'Azur. It never abandoned this status since the end of the XIXth century.
Luxury aristocratic villas were turned into 4-5 star hotels and heating air and climate still attract thousands of tourists 365 days a year.