Subsection hotels and entertainment
Description: Hotel Complex 4*
Form of partnership:
Option 1: Equity investment- acquisition of 50% ownership
Option 2: Sale of the wholehotel complex
Option 3: Sale of the free part of the plot of land with all necessary documents.
Location: Black sea coast, Bulgaria
Year of establishment: July 2015
Total built-up area: 25 000 sq. m., with permissions for 658110 square meters.
Facilities: A three storey building with 2 restaurants, High-class SPA center, 3 swimming pools, sport facilities; project with all permissions for 11 buildings with from 2 to 6 floors, 7 swimming pools, restaurant with 190 seats
Staff: 68 people.
Capacity:full capacity -320 rooms and apartments, as they will be commissioned in 2016.
Key financial data:
Revenues : EUR 12426.735,- Hotel’s activity started in the middle of the tourist season in July 2015, the revenues from sales are given only for the current short period.
ADR (AVERAGE DAILY RATE): 64,46
Average hotel occupancy:active season 2015 - 85%.
Additional revenues: EUR 53 000/ month from services in the active season
Business strategy: already signed contracts for the season 2016
Prognosis: about EUR 10 million from the period 2016-2018
Sales price and additional information on request.