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 color TV, telephone, internet connection, mini-bar, hair-dryer, and air conditioning. It also includes 100-seats restaurant, 40-seats bar, fully equipped conferences rooms (one up to 80 seats, another one 20 seats), recreational center (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; building developed surface = 4,102 square meters.
- selection of pictures can be seen at: http://www.luxury.st/details.cfm?id=138
                                                                           http://pg.photos.yahoo.com/ph/mamaia_real_estate/album?.dir=/3e53

- the price = EUR6,800,000+VAT (VAT=19, refundable afterwards)
VAT is split as follows: zero percent applicable to value of building and related plot of land; 19 applicable to value of equipment inside the building (e.g. furniture, IT, sanitary and electric appliances, etc).
- 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(april-september); min. 65 occupancy off season(october-march)
- occupancy average percentage: 80
- the hotel is open all over the year!!!
- 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 Eur /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 4 years = 5,800,000EUR/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. All these earnings cover most of the operational and overhead expenses.