Black Sea Resort Project For Sale

Business description

Project of an integrated tourist development on the Romanian Black Sea coast, located in the middle of a chain of tourist resorts with all the facilities generated by such positioning.

Complex that may develop in this land benefits of tremendous opportunity to enjoy a wide opening to the sea front.

The complex will have over 500 rooms of high comfort, many annexes and associated services and direct access to beach.

Property information

Real Estate:

Lease

Location:

In the Southern part of Romanian Black Sea coast, in the middle of a chain of tourist resorts.

Premises details:

The Complex will include the following units:

•A 7 or 8 floors hotel, with approximately 160 rooms, all with sea front view, with a Spa center designed to capitalize the significant unique Spa and wellness potential of the area.
•Another hotel with a five levels in the middle and 7 levels on the other two sides, with 170-180 rooms, all with sea front view. The hotel will replace the current restaurant.
•The existing hotel, with a main 4 floors building and a 2 floors secondary building (called “The Inn”), square shaped, with an intimate and cool courtyard and with a former inside bar that was actually transformed into a conference room. The hotel is 100 meters from the seafront promenade and currently has 2 stars classification (but 3 stars facilities).
•Ten villas, each equipped with swimming pool, located behind the existing hotel, with direct access from the ring road of the resort.
•A pool with a large outdoor bar and disco.
•A playground for children in kindergarten system.
•Two tennis courts for the organization at the beginning and the end of each summer of tennis competitions that would attract many customers in the complex.
•A Shopping center with shops and spaces for various services (e.g., beauty salons), fitness room, offices.
•28.000 sqm of land.
•Two bridges linking over the main road with the different parts of the resort.
•The Beach, with its strong commercial potential. It is the first beach in the country that has benefited from the pilot project designed to stop erosion, by building a submerged dam between the two dams that protect the bay.

Other information

Reasons for selling:

Current owner is looking for an investor to lease the land and the existing hotel and to build the entire new complex. The investor is expected to operate the complex for the next 15 to 20 years, as agreed, and then the complex to return in the current owner's ownership.