Tourism project PAGOLINO, Novalja town, CroatiaObjective: purchase & renovation of two apartment houses and providing of accommodation services to tourists coming to Novalja town Project location: Novalja town, the island of Pag, Croatia, European Union Project owner: Dr. Takács Zoltán, EU citizenCroatia is a dynamically developing seafront country. It is a member of the European Union. The property prices in Croatia are still lower than prices for real estate in other seafront EU…See More
Dr. Takács Zoltán, a Project Owner, is a citizen of Hungary, country EU member. He has participated in some real estate developments including hotel construction in Hungary. He is a professional lawyer with great concern for tourism and successful joint-venture partnership outlined within the Business Plan. Ultimate goal of Project Owner is to possess the two apartment houses as a private property and operate accommodation business as outlined herein.
Dr. Takács Zoltán, a Hungarian, holds the following academic degrees:
Public Administration Management gained at College of Public Administration of Corvinus University, Budapest, Hungary;
Law at University of Szeged, Szeged, Hungary
Dr. Takács Zoltán and his wife speak Hungarian (native language), English and Croatian. In addition, his wife speaks elementary German. They have got two adult children who speaks English as well. Project Owner and his family members, assumed to be involved into operation with the apart-houses. Just to mention that both countries Croatia and Hungary are members of European Union. Under EU law citizens and their family members are free to enter, live and stay in any EU country simply by presenting their passport at the border, if requested to do so. Moreover, they enjoy one of the fundamentals EU right – the freedom to move capital – in particular to buy property and invest in shares in all EU nations. Ultimately, they are also free to conduct business in any EU country.
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What Do You Need
The project seeking funding.
I am looking for an investment solution (private equity / dept capital) for accommodation business in Croatia. Total capacity of serviced apartments with 15 keys: 1,040 tourist arrivals realizing 6,240 nights for a season of 180 days (April-October). Investment value of the property based project is € 2m. Estimated ROI 8%. Executive Summary and detailed business documentation are available.
Apellation: purchase, renovation, and providing accommodation of apartment houses.
Location of realization: Croatia, Island Pag, Novalja
Project owner: Dr Takács Zoltán
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