Outstanding seafront hotel and villas project in Umag, Savudrija by the beach

Outstanding project for 5***** seafront hotel and villas in Umag area!
Fantastic sea views are opening!
Wonderful beach is right by the hotel!

Total area is 33000 sqm.
Net usable area: 15.380 m²

Hotel: 13.603 m²
219 Rooms

Villas: 253 m² per Villa
7 Villas - total 1777 m² 

Other:
200 meters shoreline
60 years permit for beach concession
Concession for hotel on this beach done
All permits for this hotel in place​
Asset class: Hotel

Current status:
There is location permit and project.
The project was not yet submitted for building permit receipt, so that the buyer-investor could modify it as per his own vision.
The price is set for land plus project.
Overall costs to complete the hotel including land purchase are estimated as 50 mio euro, as per 5***** star finishing.