Mountain hotel for redevelopment in Croatia for sale

Hotel for redevelopment – Begovo Razdolje, Gorski Kotar Region, Republic Croatia:

Unique opportunity for investment in redevelopment of existing hotel in mountain region Gorski Kotar in Republic of Croatia. Hotel is closed and needs reconstruction and refurbishment. Transformation of existing hotel into mountain wellness active 4* resort.

Property key facts:

• Hotel land property of 8997 m2 potential for expansion
• Hotel net usable space 2.217,88 m2
• 42 double bedrooms, 84 beds
• Year of building: 1979 last reconstruction 2009
• Location: Begovo Razdolje, populated village on highest altitude in Republic of Croatia (1078 m), strategically excellent positioned and connected to major metropolitan areas of Rijeka (53 km), Zagreb (128 km), 20 minute drive from A6 major highway between Rijeka and Zagreb
• 53 km for Rijeka airport, 134 km from Zagreb airport, 123 km from Ljubljana, Slovenia
• Unique micro location in mountains with specific climate in combination with Mediterranean climate from Adriatic Sea which is in near vicinity (just 30-minute drive by car to coast)
• Ownership: 100% owned by Croatian based ltd. company

Investment opportunity key advantages:

• Fantastic opportunity for redevelopment into 4* wellness mountain resort with project design at place
• Opportunity to get financing through grant from Croatian Government for transition into energy efficient building, necessary engineering documents and project plan at hand ready to be applied for financing
• Opportunity to fund up to 70% of total reconstruction costs through grants
• Estimated budget needed to turn hotel into energy efficient building 1,1 million €
• Complete estimated budget needed to get the hotel running on 4* resort level 1,35 million €
• Energy efficient investment ROI in 6,24 years, energy savings 84%
• No similar hotel projects running in the whole region
• Potential for expansion of the resort complex with existing development land
• Excellent long-term value in real estate in highly sought-after type of tourism, operable throughout whole year with diversified market segment of interest
• Famous all year-round destination for outdoor activities, active and recreational tourism, easily accessible

Key financials:

• Requested sales price: 1.450.000,00 € negotiable
• Type of business transaction requested: complete sale of the company