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€ 1,600,000

Luxury Hotel for sale in Kaštelanec, Croatia

1,296 m² 11 9



Old price - 1 900 000 eur, new price - 1 600 000 eur!
Unique palazzo to be turned into exclusive boutique-hotel FIRST LINE TO THE SEA - in the most demanded area between Trogir and Split, not far from Split international airport!
Palazzo of 1508 with all renovation permits!

Agreed surface to be renovated - 1296 m2.
Hotel will consist of 15 bedrooms distributed between 9 lux-rooms and two suits.
That can be hotel of boutique-ormat of 4-5 stars similar to Sveti Stefan in Montenegro.
The project is including the following infrastructure: restaurant, terrace with access to pier and beach.
Renovation is meant to preserve the building as a historical and cultural monument.
There is a possibility to get free grant from EU to reimburse renovation costs.
Location is just excellent - about 5 km from international airport of Split, between historical cities of Trogir and Split.
Palazzo is a part of series of castels (castello) on Kastela riviera - collection of 7 medeival castels first line to the sea.

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-LB716



1,296 m²
Published on
26 September 2019

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