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Hotel – Central District, Riga, Latvia

4,500,000 €
868 € /m²
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  • Total area
    5,179 m²
Property parameters
  • Land area: 1,286 m²
  • 6-floor building
  • Swimming pool

We offer for sale the project of the 4+ star hotel, which is located in the Old City, near the Cable-Bridge.

Basic parameters of the project:

1. Reconstruction of the existing building (in the very center of Riga, 150m from the presidential building, at the entrance to the Old Town, overlooking the river and Central Park, total area 6 100 m²)

2. The building is a well-known monument of the Art Nouveau-style (built in 1906 by the famous architect)

3. The building is located on the corner and has two facades

4. The project provides the reconstruction of the building for a Hotel 4+, 129 rooms with a large SPA, including a swimming pool.

At the moment, we got several offers of operational contract from operator (most powerful and successful networks operating in the Baltic countries). The operators has made a business plan, based on the analysis of the market and data on hotels in their control. Here is agreement for a full design project with a well-known and experienced architectural company specializing in the design and renovation of hotels.

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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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, €
Healthcare efficiency level
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
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 and based on the answers of its users.
Tranio does not guarantee its reliability.

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