The property is situated in the most beautiful part of central Ljubljana, in over 13,000 m2 of parkland, just 5 minutes walk from the centre and old town. Built around 100 years ago, the hotel has been closed for the past 10 years, and is in need of complete refurbishment. An architect’s project has been prepared to extend the property from its current 1,314 m2, whilst retaining the historical façade, to create a 5-star, 79 bedroom property of 10,799 m2, with 87 underground parking spaces, a wellness centre with pool and conference facilities for 150 delegates. The estimated cost of building works is 15m€. Whilst some banks in Slovenia have liquidity problems due to the global financial crisis, there are at least 10 that will lend up to 70% LTV for the purchase of hotels, subject to status.
Ljubljana is large enough with around 300,000 inhabitants to offer everything expected of a capital city, but small enough to retain the charm of a central European medieval settlement. It is characterised by Baroque and art nouveau structures, and some masterpieces by the world renowned architect Jože Plečnik.
The city is overlooked by a 1,000 year old castle perched on top of a hill with the picturesque Ljubljanica river running below.
Hotel tourism in Ljubljana has increased 65% in the past 5 years, from 339,392 room nights in 2003 to 559,009 room nights in 2007. There is no predominance of any nationality, visitors come from all over the world. Around 50% of the 2,895 hotel beds are 4-star. The conference and incentive market in Ljubljana is growing 20% year on year, the city hosts in excess of 1,000 events per annum.
Ljubljana is the only capital city in the EU that does not have any international hotel operators present. There is one Austrian hotel operator.
Offers are invited for this property in the region of 7m euros.