Enjoy a complete Luxury Living at Hotel Tara
PROJECT DESCRIPTION
The project is situated in Becici, Budva municipality, one of the oldest settlements along the Adriatic Riviera in the central part of the Montenegro coastline. Prime location with long sandy beach that was announced in the past as one of the most beautiful sandy beaches in Europe The 4-star hotel complex was constructed in 1970 and was recently refurbished (2008).
KEY FEATURES TO INVEST AT HOTEL TARA
Its offer is in accordance with international standards.
It has 195 rooms, 28 family rooms, 2 VIP suites and 10 Villas
The complex has 600 beds Outdoor swimming pool and a own hotel beach
Gym, beauty and massage salon
Good variety of F&B facilities including Restaurants (the Main Restaurant and the Argentinean à la carte restaurant Gauchos) and Bars (e.g. Aperitif Bar, Pool Bar and Beach Bar).
Since 1st June 2011 the Tara Hotel is member of Sentido Hotels & Resorts (part of the Thomas Cook tourism group).
There is a possibility to develop further serviced apartments with a total of 32.000m² GBA on a plot adjacent to the hotel (currently occupied by the villas).
SPECIFICATIONS & PERMITS PRE-APPROVED for HOTEL TARA
Recently refurbished modern, upscale hotel built to high quality standards and tastefully decorated Hotel complex + development land (currently occupied by villas)
An international franchise brand with international appeal
Location at the Adriatic Sea in the centre of Montenegrin hotel and tourism destination Based on information provided to us, the hotel will achieve a total revenue of c. 5.7m EUR and a Net Operating Profit of c. 2.7m EUR.
We understand that this NOP does not consider management fees or reserves for replacement
Price: 27.000.000 euro