Hotel with 22 rooms in Rijeka, Croatia, for sale

General information

This project involves the reconstruction of an older building from 1962 into a modern hotel comprising 22 rooms. The total area of the structure to be rebuilt is 1,180 sq.m., situated on a land plot of 670 sq.m. The approved project includes 14 hotel rooms, 6 studio apartments, and 2 larger apartments, along with a reception area, lounge zone, and multifunctional space on the ground floor. A key feature is the rooftop area, which includes a bar, lounge zone, and a swimming pool approximately 20 meters long, designed to offer panoramic views.

Location

The property is located in Rijeka, Croatia, with convenient access to public transport, including a bus stop directly in front of the building. The city center is just a few minutes away. Within a 300 to 1,000-meter radius are KBC Rijeka, the University Campus, and the Faculty of Engineering, attracting a diverse range of potential guests, including business travelers, academic visitors, medical professionals, and students.

Infrastructure and features

• Reception area with direct visual and physical connection to the entrance
• Breakfast dining area with natural light and terrace access
• Fully equipped kitchen and back-of-house facilities
• Central vertical circulation core (staircase and elevator)
• Clear and intuitive circulation paths for guests, staff, and service operations
• Standard guest rooms with compact, functional bathrooms
• Studio units with kitchenette facilities
• Clear separation between accommodation units and service circulation
• Rooftop swimming pool as a central leisure element
• Sunbathing and relaxation areas with unobstructed views
• Compact service core (elevator, staircase, technical spaces)
• Multifunctional indoor lounge/breakfast area
• Modern architectural design with vertical wooden elements and integrated greenery
• Building permit in place
• Urbanized area
• Lift
• Roof terrace

Investment appeal

The financial model anticipates a stabilized average annual occupancy rate of 65% and a blended average daily room rate of 95 euros, projecting approximately 5,200 room nights annually, resulting in estimated accommodation revenue of around 500,000 euros per year. Operating costs are estimated at 40% of accommodation revenue, leading to an EBITDA of roughly 300,000 euros.

The food and beverage operation is projected to generate approximately 492,000 euros annually, with total operating expenses estimated at around 344,000 euros, resulting in an EBITDA of approximately 148,000 euros from food and beverage operations.

Combined, the accommodation and food and beverage components are expected to generate a total projected annual EBITDA of approximately 448,000 to 450,000 euros. The total capital investment is estimated at 3.1 million euros, with a payback period of approximately 6.5 to 7 years, making it an attractive urban hotel investment with diversified revenue streams.