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#Business ID: 13636

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Hotel Business In Liepaja And Additional Ownership

Business Location: Liepāja, Latvia

Asking Price: $ 1,600,000 Revenue: not disclosed Cash Flow: not disclosed

[Furniture / Fixtures and Inventory / Stock included]
[Real Estate Included]

Business Summary

Business has survived despite of financial crisis, stable. Hotel has been loved not only by tourists, Porins has its own established customer base.

The ownership is complex, which includes Hotel, Restaurant and additional apartments.

Hotel Porins location is important advantage, easy to reach any destination. The object is located in the center of Old Liepaja, in the silent, historical, wooden construction embosomed street - just a few minutes walk from city center and only 15 minutes walk till the sea. It is easily accessed public transport.

Property Details

Size:

1500 sq.m.

Years Established:

2000

Property Type:

Real

Other Business Details

Business Location:

Liepaja is third-largest city in Latvia, 205 km west of Riga (Capital of Latvia). Liepaja is a port city on the Baltic Coast. Liepaja is situated between the Baltic Sea and Liepaja Lake. The Trade Channel connects the lake to the sea dividing the city into Old Town (Vecliepaja) and The New Town (Jaunliepaja). The object is located in the center of Old Liepaja, in the silent, historical, wooden construction embosomed street - just a few minutes walk from city center and only 15 minutes walk till Baltic sea and Liepajas lake. It is easily to reach public transport.

Competition:

Business has survived despite of financial crisis, stable. Hotel has been loved not only by tourists, Porins has its own established customer base. The ownership is complex, which includes Hotel, Restaurant and additional apartments. Hotel Porins location is important advantage, easy to reach any destination.

Expansion Potential:

The ownership consists from 3 parts ( 2 houses of hotel; dwelling house and 2 outbuildings) with total area ~ 1500 sq.m. There is possibility to develop bussines expanding new types of services. Opportunity to develop the chain of hotels in whole Latvia and beyond.

Living Accommodation?

Yes
First building - Hotel: - Three-storey wooden building, built in 1899 - Restored in 2000, repairs in 2008 - 9 comfortable rooms (double rooms, two-room suites) - reception - conference room with equipment for 25 people Second building of Hotel - Four-story concrete and wood building - built in 2005 - 11 comfortable rooms (double and single rooms, two-storied rooms and rooms for handicapped persons) - elevator, lounge room - conference room - terrace - restaurant - Forecourt, parking zone 2. Dwelling house - Two-story brick wall building - Built in 1925 and totally renovated in 1998 - 4 rooms, 2 bathrooms, kitchen 3. Outbuildings - Two-storey brick and wood building - One-storey brick and wood building - boiler house

Business Operation Details

Employees:

8+

Trading Hours:

Business sphere requires 24/7 trading hours

Support & Training:

All necessary information and training will be provided.

Miscellaneous Details

Reason For Selling:

Ill health and change of residence.

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