This beach hotel for sale Split Croatia is not just another hotel for sale.
This is an unprecedented opportunity! This beach hotel has so many advantages, potential, possibilities, achievements, proven results, everything an experienced hotelier dreams of! You wonder why it is even for sale!
Read, and contact me as soon as possible at Sales@LuxuryCroatia.net or +385989813931 whatsapp because there is more….
This beach hotel for sale Split Croatia is a 4 star hotel with 44 rooms (every room with amazing panoramic sea view) and 3 apartments, 2 restaurants, 2 bars, pool, spa wellness, parking, garage, A energy certificate, directly on the beach, with a beach concession in front of the hotel (there is no road or walk path between hotel and the beach)!
This investment has number of key advantages. One of the great advantages is that the entire investment can be returned in a short term, and the hotel can be expanded on the surrounding land plots on the beach, where capacity could be uplifted to 120 bedrooms and beach concession expanded to about 200 meters long.
Hotel is located near town of Split (6 km from Split center). Split is a city with a historical and cultural heritage dating back to Roman times, with a completely preserved 1700-year-old palace of the Roman emperor Diocletian. After Dubrovnik, Split is the strongest tourist center for luxury tourism, with a very rich offer in all segments of tourism and for the most demanding guests.
Hotel is managed by the owner’s family, without any management company or hotel chain.
Owner invested in building of this hotel in 2012 according to the design of a reputable Split architect, a professor at the Faculty of Architecture in Split. He received an architectural design award for the design of this beach hotel near Split town.
The hotel building with inventory and with land is owned by one company, while the business and employees are operating on another company. For sale is the company which owns the hotel building (with complete inventory) and the land plot, so buyer is not obligated to take over the employees or the business.
Occupancy in July and August is around 95%, June and September almost 90%, May and October almost 60%. There is plenty of room for better results in the off-season, and full use of facilities that are now not in use or not enough in use. Also enlarging profits is possible by adding new activities and services, upgrading existing and expanding hotel facilities.
The location directly on the beach with exclusive use of the beach, and other advantages that the hotel has (6 km from strong tourist destination of Split Old town, 30 minutes drive to the Split airport, boat berths in front of hotel, boat marina asside of the hotel) provides wide range of guests’ categories. Tourists’ categories range from families with children to enjoy on the beach and pool, young couples who want to combine beach and exploring of old town of Split; to the eldery couples and groups that wants the same; tourist groups organized by the various agencies; and also business people that also look to combine business obligations and pleasure of enjoying the beach; hotel is organizing all kind of business and party events such are weddings, business or private celebration parties, promotions etc.
Another big advantage for buyer is the fact that the hotel was built in a mixed residential and business zone, so part of the capacity can be converted from rooms to luxury beach front apartments with panoramic sea view and sold. The hotel owner intends to do this himself if a buyer doesn’t appear soon to buy the entire hotel. A preliminary design for converting 1300 m2 of hotel rooms into 10 super luxurious apartments, ranging in size from 90 – 145 m2, each with terraces and panoramic sea views, directly on the beach, parking where the smaller apartments would be over 1.2 million euros and the larger ones over 1.8 million euros.
For buyer, this is also an excellent opportunity to do it himself after buying the hotel. Even after the sale of the apartments, buyer can continue to earn from the rental of those sold apartments, in accordance with the agreement with the new apartments’ owners, and earn from the maintenance and services that the hotel provides to the new apartments’ owners and their guests (tourists).
In this scenario, the hotel remains with about 15-20 hotel rooms to operate, along with 2 restaurants, 2 bars, (they can be rented or sold because they can be divided into separate property parcels), spa, beach concession and all other activities (hotel will be vertically separated from the residential units which will have separate panoramic elevator and separate entrance).
The roof terrace, which has over 500 m2 with amazing panoramic sea view and spectacular colourful sunsets, can be converted into an enclosed space, so it can be a panoramic roof restaurant or it can be converted into 3 luxury apartments, or into one super luxurious penthouse, with an indescribably beautiful panoramic view of the sea and sunsets and complete privacy.
Another advantage is the possibility of expanding the hotel to the surrounding beach front lands.
By expanding to those two land plots next to the beach, the hotel’s capacity could be increased to about 120 rooms. Here too, there is a possible option to convert part of the capacity into luxury apartments and sell them, while some of the rooms remain in the hotel’s function. This way, there is a very quick return on investment and significant profit.
This beach hotel for sale Split Croatia has a concession for a beach about 100 meters long, (more details in the brochure attached), the concession agreement lasts for another 4 years, and is of course extended as long as hotel is operating. By expanding to the surrounding land along the beach, the concession would be extended by at least that much more length, mainly to the western part of the beach which is quite wide so that the various new facilities on the beach could be further activated, or the restaurant could be expanded or a new restaurant with different theme opened, or another luxurious premises placed right next to the beach with direct access to the beach.
