«Approved Investment» VelesClub Int. – waterfront hotel in a prime location on the Novi Vinodolski Riviera, just 50 meters from the beach in a peaceful tourist spot. Built in 1986 and well-maintained, the hotel was last renovated between 2004-2007, including a new air-conditioning system, roof replacement, and heating system update. The hotel covers 6000 m² over six floors with four elevators, featuring 94 standard rooms and 4 suites, with potential to add 10-15 more rooms and enclose the atrium with a glass roof. Most rooms are 27 m², with some smaller ones at 17 m². Currently rated as 3 stars but meeting 4-star standards. Facilities include a 170-seat restaurant, a 350 m² kitchen, and 500 m² of storage. A 350 m² basement casino can be converted into a spa and fitness center with an indoor pool within 3-4 months. Additionally, there is a sauna and massage area, a café with a sea-view terrace, and a 35-seat conference hall with plans for a larger 250 m² lounge for 150 people. Parking for 20 cars is available, with 12 more spaces rented from the city. Established partnerships with major Croatian tour operators: Tui, ITC, Terra, Rebel Travel, Da Riva, and Adriatika. An investment of 200,000-300,000 EUR is needed to upgrade to 4-star level. Valued at 10,500,000 EUR in 2007, the hotel’s annual income could reach 1,900,000 — 2,500,000 EUR with the upgrade to 4 stars within 2-3 years. The square configuration and internal yard offer additional space for development.
VelesClub Int. residents have special prices, individual forms of payment and installment payments.
*The analysis was carried out within the framework of an individual investment model to achieve maximum profitability for the period specified in the characteristics. For a full analysis or free consultation, contact our experts.
