Hotel for Sale – Unique Investment opportunity
Location
Property characteristics
Property parameters
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Price per m²€1,022/m² -
Total area1 263 m²
Building parameters
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The year of construction1950 -
Number of floors2
Description
Your Opportunity to Acquire the Established and Renowned Hotel "Krunk" – the Only One of Its Kind in the City
This unique property combines historical charm with modern comfort, offering an ideal investment opportunity with steady income and growth potential.
KEY FEATURES OF THE PROPERTY
Prime Location
The hotel is located in the heart of Sillamäe, just a few minutes' walk from the promenade and the harbor. This strategic location ensures a constant flow of tourists and business clients, including regular visitors from the port.
Spacious Area and Infrastructure
Total plot area: 2502 m²
Main building: 1262.7 m², fully renovated in 2012
Additional building: bar for guests
The asphalted parking lot for 42 cars
Modern Technical Facilities
Private gas boiler, modern heating
The air conditioner is installed only in the bar
The entire building is equipped with an automated ventilation system
Centralized water supply and sewage system
24/7 access via a coded entrance system to ensure comfort of the guests
Well-Designed Layout
21 guest rooms
Restaurant for 45 guests, bar for 42 guests, banquet hall for 12 people
Terrace, storage rooms, wardrobe
Development and Potential
Since 2013, several conceptual designs have been developed for creating a spa area. However, these plans never advanced to the detailed design stage. This project can be revived, offering significant business opportunities and potential for expansion.
INVESTMENT POTENTIAL
Stable Income: Regular port clients and the hotel’s restaurant, fully booked on weekends for events, ensure a reliable revenue stream.
Experienced Team: A team of five employees is ready to continue operations.
Future Growth: Opportunity to develop new commercial projects, including the addition of a spa area.
The hotel owner, managing the business since 1993, is ready to provide valuable advice for optimizing operations and maximizing profitability.
Don’t miss this opportunity! Contact us today to discuss the details and arrange a viewing.
Location on the map
