Hotel in city Riga
2000.00 sq.m., 50 bedrooms

€ 2 350 000
BaltEstate.eu offer to buy the active hotel in Riga center. Build in 2006. Good investment.

Infrastructure:

The hotel is located in a quiet, green area of Riga, in 15-30 minutes from the city, close to historic center of Riga, near many entertainment facilities. Only 30 minutes walk to Old Riga, Central Railway Station and Bus Station. Only 15 minutes walk to the biggest shopping center in Riga. Only 30 minutes walk to the new multi-functional hall”Arēna Rīga”, which regularly hosts major international events. Only 10 minutes of walking is a modern swimming pool. Convenient public transportation.

Description of building
Baltpark Hotel is rather new (opened in 2007) but it has already gained a good reputation. Currently, this hotel comprises of 50 comfortable rooms. This is probably one of the most popular three-star hotels in the capital of Latvia. The principles of the practicality, new technologies and style were considered at creation of interior design of each room, irrespective of category, to satisfy requirements of wide target audience: people coming to Riga for recreation and sightseeing, business, families or alone.
Total building area is 2000 sqm. (the hotel was built in 2007). This well-planned hotel is 6 storey high + a spacious roof terrace.

The rooms are comfortable and elegantly furnished in a modern style, but combines classic values, upholstered furniture, special, not tiring sight lighting, original decorations. The decor of the rooms is in a calm relaxing colour palette (colour: beige, pink, biscuit, cream – colour tones). There are all the necessary conveniences for a relaxing stay and create an atmosphere of home comfort. The conveniences include TV with satellite channels, telephone, Minibar, heating, worktable; some rooms have air conditioning. Free Internet access (Wi-Fi) always allows being in touch. The bathroom is equipped with a bathtub or a shower, completed with hairdryer.

Main features:

– The average room price: 40 Euros/per night;
– The average occupancy rate – 70%;
– ROI 8%.

The total building area of 2000 sq.m, the land area of 890 sq.m.

Additional information on request

Seller information

Seller type Agency
Company SMARTHOUSE

Location of the property on the map

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