OFFER ID:1305

Elegant four stars hotel for sale, located at the beautiful Romanian seashore. The hotel, built in 2002 is a private property, owned by a Romanian commercial company. The facility, basement + ground floor + mezzanine + 5 levels, is composed of 50 accommodation units (5 apartments, 5 extra-large rooms, 15 twin-rooms, 25 double-rooms) with comfortable and elegant furniture, satellite colour TV, telephone, internet connection, mini-bar, hair-dryer, and air conditioning. It also includes 100-seats restaurant, 40-seats bar, fully equipped conference room (up to 80 seats), recreational centre (sauna + massage + fitness), hairdressing saloon, night-bar, the management business office and 2 offices for staff, elevator, two air-conditioning systems and own heating system, parking space. Area specifications: 700 square meters plot of land out of which 500 square meters the building itself and 200 square meters the parking space. Its strategic location, into the city of Constanta but nearby Mamaia spa, makes it the best choice for either business or leisure purposes. Constanta (the old Tomis), with its Black Sea Harbour, is a flourishing urban and commercial city, as well as an important cultural and educational center, while Mamaia spa is the fanciest Black Sea resort of Romania. there are no liabilities towards banks, state-budget (e.g. over-due taxes), other creditors - Number of Staff: 35; salaries cost for year 2004 = EURO36,827 - the hotel is 4stars Certified by the Ministry of Tourism (Certificate no. 6011 / 11.10.2002) - peak season rates: EURO140/apartment, EURO100/double, EURO80/single (VAT not included) - off season rates: EURO120/apartment, EURO80/double, EURO60/single (VAT not included) - min. 95% occupancy peak season; min. 50% occupancy off season - occupancy average percentage: 80% - categories of clients: both nationals and internationals; business people mostly; local companies for business meetings/seminars/etc; sporting teams for training camps; NATO officials in mission; etc In Constanta the most hotel have room rates at a minimum of 80 EUR/night; this hotel has an average room rate of 100 Euro /night. Therefore, 100 EUR/night x 50 suits x 80% = 4,000 EUR/night earnings from only accommodation services. This means 120,000EUR per month from only accommodation, and 1,440,000EUR per year from only accommodation. This leads to a rate of investment refunding of 3.47 years = 5,000,000EUR/1,440,000 EUR. Isn't this a best business/investment choice? Moreover, one should keep in mind that there are also earnings from: 100-seats restaurant, 40-seats bar, fully equipped conference room (up to 80 seats), recreational center (sauna + massage + fitness), hairdressing saloon, night-bar.

PROVINCE : CONSTANTA
TOWN : CONSTANTA
ZONE:Black Sea Coast

Nr.of rooms : 50
SURFACE : 700 m2

PRICE: 6.000.000 EURO +V.A.T. (VAT=19%,)