Hotel for sale on the first row to the sea in Istria

Classical style 3*** hotel on the first line to the sea in Basanija area between Umag and Kempinski 5***** hotel!
There is a pier in front of the hotel and spacious green area.

Hotel was built in 1908 as a luxury Austro-Hungarian villa, afterwards it was fully renovated in 1998 and started functioning as a hotel.
It is currently functioning.

This exceptional tourist property of 5 levels has overall surface of 2100 m2 which is divided between 23 comfortable apartments and penthouse (each accomodating 3-7 people to accomodate 108 people in total).
There is also a restaurant for 80 places, bar and two large terraces with wonderful sea view to enjoy the coffee.

All suits have terraces overlooking the sea. Building is surrounded by centennial cepress-trees. 
It is a peaceful area which offers much privacy.
There is a pier in front of the building. Playground for children is also available.

Additional benefits of hotel:

• elevator
• central heating
• Internet access, WIFI
• SAT TV
• safes
• sundecks
• spacious parking
• installed kitchens in the apartments

Hotel has a rich history over booking engines. Average scrore on booking.com is 8.0
 

NOTE: Price went down over last 2 years from 6,5 mln euro to 4,9 mln euro due to urgency of sale.
Official bank evaluation of hotel done in 2017 showed a value of 4 600 000 eur which definitely rose over last two years due to general rise in tourist acitivity in Croatia after COVID.

Great property for remodelling to be turned into boutique-hotel.