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Hotel And Restaurant Complex In Armenia For Sale

Tsaghkadzor, Armenia
Asking Price:
$700,000 (USD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

On 2,500 sqm land plot there are two main buildings - 1,674 (designed as main hotel block, not renovated) and 495 sqm ( designed as main restaurant, renovated). Also there are 7 stone and wooden cottages from 28 to 126 sqm. Property was never put into operation. It is owned by bank and partial financing of the acquisition is also possible. Property is located in Tsaghkadzor city, Armenia.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

Tsaghkadzor, Armenia

Premises Details:

Hotel and restaurant complex almost finished , never operated, to accomplish renovation and to buy needed furniture and equipment about USD 300k will be needed.

Planning Consent:

Final ownership certificate is in place ie all permissions are in place.

Business Operation

Expansion Potential:

Instead of seven small cottages one or two main blocks can be added.

Competition / Market:

Mostly local hotels but also Marriott hotel.

Reasons for selling:

On Bank's balance sheet, not in the scope of bank business oe non core asset

Trading hours:

24 hours

Employees:
N/A
Years established:
2017

Other Information

Support & training:

N/A

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Byblos Bank Armenia is ready to finance up to 50 % of acquisition price

Related Documents:
Business closed / Asset sale:
Yes

Contact Seller

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