Type: Hotel For Sale District: Bar Location: Sutomore Land Area: 13.000 m2 From Shore (m): 20 Waterfront
Description: The hotel is in operation, it is located just a few steps from the Sutomore beach. On a plot of land with an area of 13,000 m2, there is approval for the renovation and addition of a 4-star hotel, or another, with an area of up to 23,000 m2. It consists of three buildings with 145 rooms (1/1, 1/2 and 1/3). with a view of the sea and outbuildings, also category 2*. According to the conceptual plan, the working project of a 5-star Condo hotel is under construction. The hotel will have 148 units, a wellness center, a spa center, a swimming pool and other facilities. If there is interest in another type of hotel, there is a possibility of creating another project, with the note that for hotels with 4 or more stars, the investor is exempted from paying utilities. The ministry is responsible for all approvals. The price of a night in hotels of this category in Sutomore ranges from 95 to 130 e for a double room with a double bed. The season in Sutomore lasts 80 days or more. If the hotel had 800 rooms, the daily income would be 80,000 E. This means that the hotel would have an income of 6,400,000 euros only during the main tourist season, from rooms alone. Earnings from other facilities should cover the maintenance costs of the hotel.
Add Listing (Free!)
Login
