€7,800,000 Investment Constanta
- For Sale
for sale, located at the beautiful Romanian seashore. The hotel, built in 2002 is a private property, owned by a Romanian
commercial company. The facility, basement + ground floor + mezzanine + 5 levels, is composed of 50 accommodation units (5
apartments, 5 extra-large rooms, 15 twin-rooms, 25 double-rooms) with comfortable and elegant furniture, satellite color TV,
telephone, internet connection, mini-bar, hair-dryer, and air conditioning. It also includes 100-seats restaurant, 40-seats
bar, fully equipped conferences rooms (one up to 80 seats, another one 20 seats), recreational center (sauna + massage +
fitness), hairdressing saloon, night-bar, the management business office and 2 offices for staff, elevator, two air-
conditioning systems and own heating system, parking space. Area specifications: 700 square meters plot of land out of which
500 square meters the building itself and 200 square meters the parking space; building developed surface = 4,102 square
- the price = EUR7,800,000+VAT (audit valuation is EUR8,684,844+VAT)
VAT is split as follows: zero
percent applicable to value of building and related plot of land; 19% applicable to value of equipment inside the building
(e.g. furniture, IT, sanitary and electric appliances, etc).
- there are no liabilities towards banks, state-budget (e.g.
over-due taxes), other creditors
- Number of Staff: 35; salaries cost for year 2006 = EURO39,827
- the hotel is 4stars
Certified by the Ministry of Tourism (Certificate no. 6011 / 11.10.2002)
- peak season rates: EURO140/apartment,
EURO100/double, EURO80/single (VAT not included)
- off season rates: EURO120/apartment, EURO80/double,
EURO60/single (VAT not included)
- min. 95% occupancy peak season(april-september); min. 65% occupancy off season
- occupancy average percentage: 80%
- the hotel is open all over the year
- categories of clients:
both nationals and internationals; business people mostly; local companies for business meetings/seminars/etc; sporting teams
for training camps; NATO officials in mission; etc
In Constanta the most hotel have room rates at a minimum of 80
EUR/night; this hotel has an average room rate of 100 Eur /night.
Therefore, 100 EUR/night x 50 suits x 80% = 4,000
EUR/night earnings from only accommodation services. This means 120,000EUR per month from only accommodation, and
1,440,000EUR per year from only accommodation.
This leads to a rate of investment refunding of 5,4 years =
Isn t this a best business/investment choice?
Moreover, one should keep in mind that
there are also earnings from: 100-seats restaurant, 40-seats bar, fully equipped conferences rooms (one up to 80 seats,
another one 20 seats), recreational center (sauna + massage + fitness), hairdressing saloon, night-bar. All these earnings
cover most of the operational and overhead expenses.
- development opportunities: hosting of a Casino into the
building premises (Casino activities are legalized in Romania); setting-up of a rotative bar on the upper terrace (technical
and architectural ready projects).
- strategically located into the city of Constanta (400 meters walk to the
Constanta beach) but nearby Mamaia spa (700 meters to Mamaia), being thus the best choice for either business or leisure
purposes. Constanta (the old Tomis), with its Black Sea Harbor, is a flourishing urban and commercial city, as well as an
important cultural and educational center. Mamaia is the Palm Beach of the Eastern Europe, with its 12 km beach along
restaurants, clubs, discos, terraces and taverns and 100 m broad and has the finest sand of the Black Sea coast.
Entertainment Park, Aqua Park - water slides and large pool with bar open all day long, Theater, Cinema, Discos, Clubs, Night
Bars, Casinos, Restaurants with folklore & dance, Shopping Cent re, Dolphins Show at `Delfinariu` (Dolphinarium), Aquarium.
pg otos. /ph/mamaia_real_estate/my_photos
Safe country, safe city, safe seashore = no terorism attacks, no
tornadoes, no sharks!!!