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Running hotel business for sale in the very center of Budva, capital of Montenegrin tourism. Hotel has 21 double rooms and six 2-bedroom apartments, reception, 2 pools, sauna, laundry, lobby bar, restaurant with terrace, large courtyard and 10 parking spots.
It is permitted to built further 1450 m2.
This is a great value offer for Montenegro, as the price per m2 of the hotel is below market average even for dwelling in the center of Budva (EUR 2.5-3 K per m2). In this case investor gets running business, represented on all major booking systems with its own client base.
Hotel has a large indoor swimming pool with sauna and jacuzzi, massage room, changing rooms. It has a reception with lobby bar, restaurant with terrace. It also has a small outdoor pool, with sun decks, a large green yard of 100m2 and 10 parking lots for its guests.
What is important – there is a significant capacity increase potential as the buildings has a permit for construction of further 3 stories. This means that room number could be at least doubled with rather moderate investment outlay.
The location of the hotel is in the very center of Budva, just 600 m from the beach. It is situated close to main street of Budva, within comfortable walking distance from shops, medical care institutions, restaurants and bars. In the meantime, it stays on a quiet street with low traffic and protected by other houses from the noises of this busy tourist town.
All rooms are fully equipped according to a 3 star standard with all necessary to provide bed and breakfast to tourists.