Hotel in Budva, Montenegro
Location
Property characteristics
Description
In the heart of Budva, within walking distance from the sea, there is a mini-hotel that represents a perfect investment for those who want to expand their business in the hospitality industry or are looking for an opportunity to transform the property into multi-residential space.
The ground floor of the hotel offers a variety of facilities such as storage rooms, a laundry room and a warehouse. There is significant potential for organizing a restaurant, which would further enrich the offer and attract a wider clientele.
On the first floor, there is a gym that can be converted into a cafe. There is also a fully equipped kitchen, two bathrooms, and a reception desk.
The second, third and fourth floors are identical and each floor has four studios with their own bathrooms. In total, the hotel has 12 rooms that are always full, which confirms its popularity among guests.
The hotel has been operating successfully since 2002 and is known for its high level of occupancy. Additionally, there is great potential for business expansion. The lower and first floors can be converted to increase the number of rental units, thus providing additional sources of income.
The location of the hotel is excellent - it is located in the center of Budva, in a noise-free zone, surrounded by hotels, restaurants, cafes and supermarkets. Guests can enjoy quick access to all the city's amenities, and it's only a one-kilometer walk to the beautiful seashore.
This property offers an excellent opportunity for those looking to invest in a profitable hospitality business or want to transform it into a luxury multi-residential space.
Location on the map
