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12
€ 2,000,000

Luxury Hotel for sale in Split, Croatia

1,100 m² 20 20

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Description

Great renovation project of 4 star hotel in the centre of Split! Split is second large city in Croatia which is live all the year round!
The centre of Split is in need of proper new hotels of 4 stars meant for businessmen and tourists.
The present project can satisfy these needs.
The building is located in the popular area not far from hotel Atrium (5 stars) and hotel Art (3 stars).
It is the very centre of the city, about 800 meters from the sea.
The hotel has a plot of 450 m2 and will be of 1100 m2 brutto once renovated (880 m2 netto).
It is supposed to locate there 16 rooms and 4 lux-apartments.
On the ground floor there will be restaurant, bar, fitness-hall, reception, sauna, technical premises, storages.
Parking area is also within the plan.
The completion will require about 500 000 -800 000 eur.
Please, do not hesitate to make your appointment.
Right time to invest in Croatia! 
Touristic insdustry is rapidly growing having generated 9 mln euro in 2016 and expecting even highly yields in 2017. 18% of Croatian GDP are within tourism. In this connection it is an area of priority development for Croatian government which has initiated programm of all-year-round Croatian hotels occupancy, general modernization and upgrade of hotels all over the country. In 2015 year croatia demonstrated 12 mln overnights, in 2016 - already 16 mln overnights per year, by 2020 it is planned to achieve the figure of 24 mln overnights. 
Croatia is becoming 4- and 5-star destination with leading hotel management companies present at the market and expanding the presence: Kempinsky, Hilton, Radisson, Iberostar, le Meridien and many others are targeting Croatian hotel market as one of the most attractive in Europe. 
Croatia had been included into TOP-1O ranking of touristic destinations of Europe and of the World many times. Croatian island of Hvar has been called one of TOP-10 most beautiful islands of the world. Same TOP-awards touristic nominations are regularly given to cities of Dubrovnik, Split, Trogir, Zadar, Sibenik, Porec, Rovinj and Opatija. Due to close vicinity to Austria, Germany, Switzerland, Slovenia -  Croatia is attracting more and more tourists from these countries. Touristic flow from Poland, Czech Republic, Italy, UK, USA, Denmark, Norway, Sweden is also rising. Europe is becoming more united and Croatian sea is becoming closer to citizens of Netherlands, Belgium, Finland. 
Several years ago Croatia became EU-member state. European Parliament has also approved it's accession to Schengen zone which will stimulate further growth of tourism in Croatia. 
There are still many areas on mainland and on the islands with no hotels or old hotels to be modernized and upgraded. About 200-300 high class hotels are yet planned to be built to make Croatia 5-star destination booming in the next dacade.
Ref: RE-S-223

500

Details

Bedrooms
20
Bathrooms
20
External size
450 m²
Size
1,100 m²
Published on
29 August 2017
Reference
RE-S-223

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