Subsection hotels and entertainment

Company 2/01_2016

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

Key data:

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.