Hotel for Sale in Asenovgrad, Plovdiv Province, Bulgaria — 676 m²

Operational Hotel Complex for Sale in Asenovgrad, Plovdiv Province, Bulgaria

A fully operational hotel complex, stated to be known as the “Chiflika” complex, is offered for sale in Asenovgrad, Plovdiv Province, Bulgaria, with a panoramic outlook towards the Rhodope Mountains.

Accommodation

The property is stated to comprise:

• 24 beds;
• 8 rooms;
• 2 studios;
• 1 apartment.

Facilities

The complex is stated to include:

• restaurant with a summer garden;
• outdoor bar-pool and children’s pool;
• barbecue area for events and leisure;
• panoramic outlook towards Asenovgrad and the Rhodope Mountains.

The property is stated to be fully equipped and operational.

Current Operation

The seller states that:

• reported average monthly occupancy of the accommodation is approximately 70%;
• more than 30 graduation balls are hosted annually, with 15 reported as already booked for the following year;
• weddings, christenings and family events are also hosted;
• a discount-voucher sales profile is maintained on a third-party promotions platform;
• the reported current annual yield is approximately 10%.

Alternative Uses

The seller states that the property could be adapted for alternative uses, including a residential care home for the elderly, a rehabilitation centre or medical spa, a corporate retreat centre, or a detoxification centre, relying on the existing infrastructure of rooms, kitchen, communal areas, restaurant and swimming pool. Any revenue figures attributed by the seller to such alternative uses are projections only and are not verified.

Location

The property is stated to be located approximately:

• 1 hour 30 minutes from Sofia;
• 15 minutes from Plovdiv;
• 5 minutes from Asenovgrad.

The seller states that the location benefits from clean air and nearby mineral springs in the Rhodope Mountains, and from lower operating costs than in Sofia.