Commercial property for sale in South Banat

BOUTIQUE HOTEL An opportunity to acquire this lovely and picturesque hotel located on the outskirt of Pancevo, Serbia. The hotel serves predominantly the business travellers who visit various international companies in Pancevo and their suppliers located in or around Pancevo. Belgrade is 21km away, Belgrade airport 30 km away. The hotel was built as new and completed in 2019. It commenced business operations in October 2019. The Hotels is popular with family visitors particularly for weekends. The hotel has its own children playground. The rivers Tamis and Danube with their beaches, fishing places, boating and other outdoor activities are both 2,5km away. The restaurant seating 80 guests, offers a variety of local specialties throughout the day. The Hotel features a lovely garden, WiFi throughout, room service, car park capacity 40 cars. The restaurant is a very popular place among the locals and foreign guests alike. The garden seating 60 guests is constantly full between May and October. They both have a strong contribution to the overall Hotel’s earnings and profitability. In addition, backed by popular demand, in 2021 the Hotel started food delivery service which also added to its earnings and popularity. The Hotel is highly regarded by its guests who rated it 9,4 on all major booking platforms such as booking.com. The Hotel achieved impressive financial results. Year 2020 was its first full year of operations, 2021 the second year. In 2021 revenue jumped 104,73% y-o-y, operating costs was up by 15,61%, the operating profit increased by 238,24% y-o-y. The total revenue per available room TRevPAR went up by 104,73% between 2020 and 2021. In 2021 TRevPAR was €56,83, which is high for a hotel in its second year of operation. All financial performance data and various analysis are in the Sale prospectus. GROUND FLOOR A car park for 40 cars. From the car park into the front garden and the main entrance. Reception on the right, the restaurant on the left. The restaurant has a pleasant countryside look and feel capacity 80 seats. A modern stainless-steel kitchen fully equipped. On the other side of the restaurant is a garden featuring lash green vegetation, fountains and waterfalls and a small bridge. A summer house, gazebo and canopies with dining tables. A summer grill and artifacts such as an old carriage or lanterns add to the pleasant atmosphere. The garden restaurant has a capacity of 60 guests. Both the restaurant and the garden are suitable for organising large events such as weddings or similar celebrations. From the reception, the stairs to the first floor rooms. The hotel ground floor without the garden is 243,78m2. FIRST AND SECOND FLOOR All rooms and on the first and second floors. The first floor is 205,44m2, the second one is 173,01m2. There are 16 rooms of various sizes with total of 60 beds-7 triple rooms, 3 deluxe rooms, 3 double rooms and 3 family rooms. All rooms have Wi-Fi, flat screen TV with various cable channels, working table and other modern amenities. The bathrooms are all new, modern with showers. Floor heating throughout, air-conditioning cooling system. Some rooms have their own balconies. LOCATION The Hotel is situated on the outskirts of the city of Pancevo, about 1km from the city centre. Pancevo is a large industrial and business city. It has a central European architecture and charm with large promenades and traditional large houses some of which are grade listed (protected from destruction as a part of national treasure). The strength and bright future of Pancevo is in its industrial base which is composed of some large international conglomerates such as Refinery Pancevo by Gaspromneft, HIP-Petrohemija JSC, the largest producer of petrochemicals in Serbia, also by Gaspromneft, HIP Azotara, an agricultural fertilisers and mineral components manufacturer by Promist, ZF Group, a German car components manufacturer, Brose, also a German car components manufacturer and a large number of suppliers to these international giants. MARKET Tourism in Pancevo is dominated by business travellers who visit and/or work with the numerous companies located in or around Pancevo. In 2019 there were a total of 40.668 overnight tourist stays in Pancevo. 75.85% were foreign visitors staying on average 8,48 days per visit. In 2020 the number of overnight stays dropped by 53% to 19.179. However, the visitors are still predominantly business travellers from abroad. In 2021 the number of visitors and overnight stays recovered to 88% of the 2019 level, which is above average for other business destination, whose recovery is about 65% of the 2019 level. The total number of overnight stays was 31.739, out of which foreign, mainly business visitors made 22.425 overnight stays or 70,65% of all overnight stays. The average stay of a foreign traveller was 7,78 days. FURTHER INFO Please contact us to request further info or to request Sale Prospectus.

Commercial property for sale in South Banat District

Hotel 745 m<sup>2</sup> for sale

Description

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