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We offer for sale an operating hotel in the center of Riga!

6,700,000 €
1,340 € /m²
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  • Total area
    5,000 m²
Details
Property parameters
  • 6-floor building
Features
  • Balcony or terrace

We offer for sale the operating 3-star hotel.

Hotel is located in the quiet center of Riga, only a few minutes walk from the Old Town.

The main sights of Riga such as the Latvian National Theater, the Art Museum, are also close to the Hotel. Distance to the Old Town — 1 km, to the Central Railway Station: 1.5 km, to the International Airport ”Riga“ — 10 km.

The hotel building was built in 1901 and fully renovated in 2006. The hotel offers 83 comfortable rooms of ”standard“, ”superior“ and ”suite“ categories; a complex for sports and relaxation, which includes a sauna, a jacuzzi, an equipped gym; three conference rooms capable of up to 85 people; a restaurant; an inner yard with a terrace and a small parking for cars.

Since 2009 the hotel is a part iof the sixth largest hotel chain in the world, which provides a steady stream of guests and a stable income.

Extra opportunities

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

More properties

If this property wasn’t for you, take a look at other hotels for sale in Latvia.

You can see more hotels for sale in Central District elsewhere on our website.

Statistics in Riga

Price per m², €
1,733
Healthcare efficiency level
62
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
62
Index 62 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics
Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    €100M

    capital placed

    10 years

    in the real estate market

    1,000+

    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Central District
    +44 17 4822 0039
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      • Bank financing from 4.8% annually
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