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We invite investors to purchase existing hotel in Bulgaria. Hotel category 3 stars, is located in the historical centre of one of the oldest cities, the former capital of Bulgaria.
Veliko Tarnovo is the center of international tourism. In addition, unlike most tourist centres, which in winter hibernate, the activity is constant throughout the year, and cultural life flourishes. Exhibitions, festivals, theatrical productions, international conferences, held throughout the year, not to mention the tourists who can't come for the first time, to consider fully all cultural and historical sights of the city.The hotel has 10 rooms of different sizes, OP-560 sq. m. On the ground floor there is a lobby bar and a small restaurant for 8 tables, which is open to hotel guests, and guests of the city.On the second, third and fourth floors are 15 hotel rooms. On the sixth floor is the observation deck with a grill and a kitchen / guests/.The hotel is situated in the heart of the old town, at the intersection of two shopping streets. Throughout the year, the hotel is 75% full .
Today, the hotel market in Bulgaria is developing dynamically. And at the same time in the summer demand for hotel services exceeds the supply. The hotel is constantly increasing the level of services provided, expanding the advertising campaign to attract tourists, given to regular customers flexible system of discounts. Tourists are attracted by working your own website, contracts with travel agencies and tour operators. The increase of the tourists flow is possible due to the cooperation with travel agencies from Russia, Ukraine and the Baltic States. According to official figures the Minister of resorts of Bulgaria, the number of tourists who visited the resort in 2013 amounted to 1000000.0. In 2014 -2015 year flow decreased by 12 -15 %, which is 850000.0 people the city has 73 hotels of different categories and quality. The average number of rooms 15 x 2 people = 30 people. ie, the average hotels in the city can take the 2190 people per day. The year turns — 788 400 people. I mean, often it turns out that demand is exceeding supply. And this suggests that the occupancy of the hotel is possible to raise from 75% to 82 to 87 % for the calendar year by increasing the quality of services, flexible system of discounts, providing discount cards for regular customers of the hotel.The payback period is 4, 5 years.The cost of the hotel -425000.0 euros.
The investor's share --51 %.
ATTENTION: existing business, repeat customers, occupancy of 75% throughout years !!!
Additional information
The total cost of the accommodation is 425 000€.
Market analytics
The market is developing successfully, while in 2014 and 2015, there is a slight decline of about 8 -10 % of the total flow of tourists.The downturn to a greater or lesser extent on all resorts in the world.In 2016 is expected to increase the tourist flow at 4 — 6 %.
Veliko Tarnovo is an international center of tourism, hotel occupancy is 75 % throughout the year.
The city has 73 hotels of different categories, all of which are competitors of the hotel. In this connection it is necessary :
-to improve the level and quality of services provided
-to carry out various actions and to create a flexible system of discounts for regular customers
-create 4 — 5 of their own website through which checkout will occur directly, independent from travel agencies and web sites.
-the conversion of the 6th floor of the hotel, which after reconstruction will run the specific restaurant, it's a good opportunity to attract additional flow of tourists and guests of the city. Some hotels also restaurants and lobby bars, but in our case it will be exclusive in terms of the views from the restaurant spectacular views of the entire city. I think it will be a huge plus for the hotel
Every year tourists demand more for a comfortable stay, it is evident from reviews from guests who have stayed at the hotel. In this connection it is necessary to take measures to eliminate the shortcomings that appear in these reviews. This leads to positive results, because constant tourists coming next time, be satisfied with those changes and improvements that have been made on the basis of their own opinions.
International project
Project price: 27 500 000
Investments volume: 27 500 000
Stage: Development of existing business
4443 reviews
Bezumenko Vladimir Viktorovich
