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Tourism project PAGOLINO, Novalja town, Croatia
Objective: 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 citizen
Croatia 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 countries. The number of foreign tourists coming to Croatia increases year after year. In 2015 foreign tourist arrivals reached almost 12.7 mil and the realised 65.8 mil tourist nights in all types of accommodation establishments in Croatia.
Reasons for foreign tourists to visit Croatia:
The project is in providing accommodation services to tourists coming to Novalja town on the island of Pag in Croatia during 20th April and 15th October annually. Prospective investment will be utilized for acquisition, renovation and management with two apart-houses jointly offering 15 apartments for short-term rent. Accommodation business will be handled by the project owner.
This is a long-term hospitality project, which has been in operation for a decade. Renovation of the 15 apartments will be provided by local contractor. Main customers are young and family tourists coming to The Island of Pag and Novalja for enjoying summer holidays and visiting parties, festivals and musical concerts as well as for intimate holidays in pure nature of the island.
Total amount of the Investment sought is EUR 2,000,000 including:
Cash flow will be generated thanks to providing to types of services: accommodation of guests and serving daily breakfasts for them.
According to business assumptions, outlined in Business Plan, Gross Income, generated from renting out of 15 apartments of the two apart-houses and serving daily breakfasts, could annually amount to EUR 257,892. Considering that Business expenses would be around EUR 44,071, annual Net Revenue estimate is EUR 213,821.
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 in the Business Plan. Ultimate goal of the Project Owner is to possess the two apartment houses as private properties and operate long-term accommodation business in Croatia.
Dr. Takács Zoltán
Skype ID: tanett73