Location: Budva, 700m from Old Town, 350m from Beach, Adriatic Sea, Montenegro
Guide Price: €19.5m
No. of Keys: 74
The Opportunity: The hotel is a modern and centrally located 4 star hotel in the Montenegrin tourism metropolis of Budva, just 350 m away from the beach and town’s seaside promenade which leads to medieval Old Town (700 m away).
Settled in the shopping centre TQ Plaza, everything is at guests’ easy reach: clothes and souvenir shops, gym, pharmacy, bank, café bars and multiplex cinema. The hotel’s structure includes 74 spacious and well-equipped superior double, family rooms and suites, buffet restaurant, café bar, gym and sundeck terrace with a Jacuzzi and views onto the Adriatic coast. SS
Main Picture: The town of Budva
Current Owner: Local company
Flag and Management: Both free to the new owner
Financials: Financial information available after LOI/EOI
Agent: Local agent in partnership with THPT
Guide Price: €19.5m
Guide Price per Key: €263,513
Date Posted: May 2021
THPT Comment: An opportunity to buy a modern hotel in this historic medieval town. We also have a five-star, 120 room hotel, with beach-front for a similar price…€20m.
Contact us for further information
This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.