Unique 1st line hotel in Istria is for sale!
Complete renovation is undertaken in 2022-2025.
There is a possibility of credit line takeover!
Located in the heart of a popular tourist village in Istria, one of the most significant tourist destinations in the Republic of Croatia, the hotel represents an exceptional investment opportunity.
The total land area on which the hotel is located is 3,457 m2, and the company also owns two plots of land in front of the hotel with a total area of 3,034 m2. The total net usable area of the hotel is 6,354 m2.Part of the land in front of the hotel is used as parking, while another part is a green area – a lawn. The hotel was built as a detached building and consists of 1 underground floor and 4 above-ground floors, with a structure of P0+P+3.• 83 accommodation units (82 hotel rooms + 1 apartment)• Supporting hotel facilities (lobby bar, reception, kitchen, restaurant, conference room, SPA and wellness, indoor pool, gym).
The rooms categories : Standard, Deluxe and several Single
All rooms meet the size requirements for a 4-star hotel classification.
The property is registered in the cadastral plan as a commercial building/hotel, and is listed as such in the land registry.
The hotel was built in 2001-2002 and put into operation in 2002. Under the previous owner, it operated until 2014.
After 2014-2015 the hotel was not in function.
The current owners purchased the hotel in 2020 and decided to fully renovate and adapt it into a modern version, with only the reinforced concrete structure of the existing building remaining.
A final building permit for the reconstruction was issued in 01/2023.Capital: 100% domestic capital.
It is a share deal: 100% company shares are for sale.
The picture is provided for illustrative purpose. Porec is put as an approximate location.
The company-owner was founded in 2020 as a limited liability company for tourism and hospitality, registered at the Commercial Court in Pazin. The company has no employees.
Hotel is now newly remodelled, ready to welcome a hotel team to get prepared for the season 2026.
NOTE:- There is a possibility for a 100% shares purchase for cca EUR 13.72 million, with the takeovern of the long-term investment loan repayment at UniCredit - Zagrebačka Banka, with a 3% interest rate and a 10-year maturity.
- The purchase price refers to a fully equipped hotel, including all necessary equipment required for its opening and the reception of the first guests. The price also includes the complete legal documentation necessary for the hotel’s opening.
Ref: RE-AB-KOR1
Overall additional expenses borne by the Buyer of real estate in Croatia are around 7% of property cost in total, which includes: property transfer tax (3% of property value), agency/brokerage commission (3%+VAT on commission), advocate fee (cca 1%), notary fee, court registration fee and official certified translation expenses. Agency/brokerage agreement is signed prior to visiting properties.
Property advantages: Gym, Spa, Detached, Building permit, Modern
