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Running hotel business in the very center of Budva

2,600,000 €
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Total area: 1,450 m²
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  • Land area: 1,000 m²
  • 4-floor building
  • 4 floor

Running hotel business for sale in the very center of Budva, capital of Montenegrin tourism. Hotel has 21 double rooms and six 2-bedroom apartments, reception, 2 pools, sauna, laundry, lobby bar, restaurant with terrace, large courtyard and 10 parking spots. It is permitted to built further 1450 m². This is a great value offer for Montenegro, as the price per m² of the hotel is below market average even for dwelling in the center of Budva (EUR 2K per m²). In this case investor gets running business, represented on all major booking systems with its own client base. Hotel has a large indoor swimming pool with sauna and jacuzzi, massage room, changing rooms. It has a reception with lobby bar, restaurant with terrace. It also has a small outdoor pool, with sun decks, a large green yard of 100 m² and 10 parking lots for its guests. What is important — there is a significant capacity increase potential as the buildings has a permit for construction of further 3 stories. This means that room number could be at least doubled with rather moderate investment outlay. The location of the hotel is in the very center of Budva, just 600 m from the beach. It is situated close to main street of Budva, within comfortable walking distance from shops, medical care institutions, restaurants and bars. In the meantime, it stays on a quiet street with low traffic and protected by other houses from the noises of this busy tourist town. All rooms are fully equipped according to a 3 star standard with all necessary to provide bed and breakfast to tourists…

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Artem Ezhkov
Artem Ezhkov
Real Estate Expert Tranio in Budva (city)
+44 20 3608 1267
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