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Constanta, Black Sea Coast

4 Star hotel hotel constructed in 2002 strategically located only 400m from Constanta Beach and 700m from Mamaia spa. Full details below.

5,800,000 + VAT (19% refundable) Euros

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Elegant four star hotel, 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 colour TV, telephone, internet connection, mini-bar, hair-dryer, and air conditioning. It also includes 100-seat restaurant, 40-seat bar, fully equipped conference room (up to 80 seat), recreational centre (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 meters.

For sale for 5,800,000 Euros +VAT (VAT=19%, refundable afterwards) 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).

Number of Staff: 35; salaries cost for year 2004 = EURO36,827. The hotel is 4 star Certified by the Ministry of Tourism (Certificate no. 6011 / 11.10.2002). Peak season rates: EURO140/apartment, EURO100/double, EURO80/single. Off season rates: EURO120/apartment, EURO80/double, EURO60/single

95% occupancy peak season (April-September) and 65% occupancy off season (October-March), average occupancy percentage: 80%. The hotel is open all over the year. Guests are both nationals and internationals; business; local companies for business meetings/seminars/etc; sporting teams for training camps.

There are further development opportunities including creating a Casino into the building premises (Casino activities are legalized in Romania); setting-up of a rotating bar on the upper terrace (technical and architectural ready projects).

Strategically located in the City of Constanta (400 meters walk to the beach) but nearby Mamaia spa (700 meters to Mamaia), being thus the best choice for either business or leisure purposes. Constanta with its Black Sea Harbour, is a flourishing urban and commercial city, as well as an important cultural and educational centre . Mamaia is the Palm Beach of the Eastern Europe, with its 12 km beach along restaurants, clubs, discos, terraces and taverns. It has the finest sand of the Black Sea coast. Entertainment Park, Aqua Park - water slides and large pool with bar open all day long, Theatres, Cinema, Discos, Clubs, Night Bars, Casinos, Restaurants with folklore & dance, Shopping Centre. Contact us for more information

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