Istria, Novigrad, hotel by the sea, OPPORTUNITY!
Selling price: 4 000 000 € (30 138 000 kn)

Property Description

In the suburbs of Novigrad, just a few steps from the sea, there is this estate with exceptional tourism and hospitality potential. The estate covers over 5,500 m2 of green space, which stretches above the road that connects Umag with Novigrad, and its Mediterranean greenery ensures privacy, offers the sought-after peace and provides the desired thick shade in the summer. This green oasis is currently home to a hotel that dates back to earlier times, the current condition is from the 1990s and consists of a 2-star hotel with 20 comfortable rooms with all the necessary facilities such as a reception, kitchen, restaurant, bar , spacious outdoor terraces, open terraces, outdoor fitness zones, wellness with sauna and swimming pool. The current situation calls for complete renovation and adaptation of the hotel and existing facilities, while with adequate management, revitalization of existing facilities as well as completion of new facilities, it can operate successfully throughout the year. According to the new project, it is planned to build two more new floors so that the facility would have a capacity of 40 rooms with 5 stars. For investors who want a hotel with several units located according to the square footage and location of the plot, it is possible to create a project with up to 100 rooms.

TIH-001
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tamara@croatia-rebecca.com