Hotel in Siofok

1,760,000 €

Room stock 18
Yield —
Constructed —
Price per key 97,777 €

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Key project parameters

Land area: 1,801 m²
Room stock: 18
Number of parking lots: 22
Price per key: 97,777 €

Project description

A hotel and a restaurant in the center of the resort town.

Description

Hotel:

15 rooms + 3 penthouses (755 m²)
fully equipped Sushi restaurant (kitchen area approx. 21 m²)
parking for 12 vehicles
poolhouse (90 m²)

Restaurant:

building for a restaurant with architectural and floor plan (259 m²)
parking for 10 vehicles
completed foundation for convenience store/Bistro/Café (approx. 47 m²)

Extra information

Distance to lake: 400

Car parks

Furnished

Tenants

Agreement: n/a

Location and nearby infrastructure

The property is located in the central part of the resort town of Siofok, in 400 m from one of the most popular bodies of water in Europe – the freshwater Lake Balaton. The crystal clear Lake Balaton is an established vacation destination for Hungary’s bordering and other close countries: Austria, Germany, as well as England and many others.

Siofok is known for huge yearly summer events:

Balaton Sound (165,000 visitors in 2018)
Nemzeti Regatta (2018 National Regatta)
Tour de Hongrie 2018 (Hungarian National Bicycle Tour)

Additionally, the hotel is located 12 km from Zamardi, which holds world-popular music festivals like ”Balaton Sound“, ”STRAND“, ”B my Lake“.

There are many restaurants and nightclubs nearby.

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annual yield: From 15-17%
investment exit horizon: 2–3 years
full support at every stage: Turnkey deal

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