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Luxury 4 **** stars Hotel for sale (ref:: L1U36) - This listing was clicked 12584 times.

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.

Main features for this listing
Listing Updated: 12/September/2009 19:10:37
Country: Romania
Region: Constanta ( Read current articles. )
Property Type: Hotel
Property Site: City
City: Constanta
Zip Code: 8700
Address:

Mamaia

Vacation Property (for rent): No
Construction Year: 2002
Surface Area: 4102
Bedrooms: 55
Bathrooms: 55
Energetic Class: Not Available.
Energy Performance Index (IPE): Not Available.

Description for this listing

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.


Other features about this property, this features don't esclude more features.
Furnished, Dishwasher, Alarm System, Hotwater, Office Room, Pet Friendly, Gym or Sauna, Telephone, Ocean or Sea View, Fireplace, Private Parking

Extra Images (You can click on these images, to view them in the original size!)


Pricing info and options for the listing Other listing options
This listing is For Sale
Sell Price: 6800000 Euro
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Contact Details Property Owner Contact Form
Contact: Expired.
Telephone(home): Expired.
Telephone(office): Expired.
Telephone(mobile): Expired.
Fax: Expired.
Website: Click here for the website!

This listing has been added/update on: 12/September/2009 19:10:37 and it is going to be removed soon.



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