For sale Hotel Žalec, Casino with potential for redevelopment
Mestni trg 3, 3310 Žalec

Guide price: 1,917,000 €
for sale

FOR SALE

HOTEL ŽALEC, CASINO WITH POTENTIAL FOR REDEVELOPMENT, SLOVENIA

Žalec is a town in the municipality with the same name. It is located by the 5th pan-european transport corridor which forms the highway between Ljubljana and Maribor. The property is situated in the city centre adjacent to a Mercator centre, Sport center of Žalec, cultural center and the main bus station. The highway is only 6 minutes drive.

The subject of sale is Hotel Žalec, which comprises 44 rooms, 2 apartments and 2 rooms with jacuzzi, lobby, bar with a terrace, breakfast room, kitchen, one conference room, night club, small fitness room, and cosmetic salon. There is also a casino in a separate building that until recently operated successfully. The license was not renewed, but the owners have reapplied. The first and second floors are unfinished. The purpose is business-residential, so it is possible to arrange apartments or offices.

The hotel extends to 2.239,0m2, on a site of 1.026m2 under the property and additional 4.213m2 of land around the property. The casino extends to 1.400m2, on a site of 561m2 under the property and additional 569m2 of land around the property.

The majority of hotel guests are business and transit guests. The hotel is also popular with organisers of seminars, weddings and other events. The majority of casino guests are locals from Slovenia.

Both buildings are in good order and no significant capital expenditure is anticipated in the near future.

The adjacent Casino is available for sale separately or together with the hotel. The hotel and the casino can also be connected. A plan for a bridge has already been made.

The property has a great deal of development potential. It could be transformed into a retirement home, with 24 rooms in the hotel building, and 67 rooms in the casino building, subject to receiving planning consent. The hotel could be upgraded, with the addition of an underground garage and swimming pool, on the east side of the hotel.

The casino building is designated for business or residential on the upper two floors, and business on the ground floor. The upper two floors could be converted into apartments, or tourist apartments. The ground floor could be converted into office space, subject to receiving planning consent. The current zoning permits a wide variety of redevelopment options. The property benefits from an excellent location in the city centre with all facilities within walking distance

Offers are invited for the hotel & casino together or separately. The property will be sold free of debt and encumbrances. The property has a great deal of development potential.

The guide price for the hotel & casino is 1,917,000€

Deadline for non binding offers is Friday 16th July 2021.

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