Property building for sale, Daugavgrīvas street, Pārdaugava (tuvā) / 1800000€

Property description

For sale ready business Bridge Hotel with cash flow in Riga.

Historically, the left bank of the Daugava River has been characterized by a high concentration of
colleges and universities, which was the main
reason for the opening of the Bridge Hotel in 2016.

+ Completely renovated building since 2015
+ Five floors with 51 rooms for 94 guests
+ Studio, two and three room suites
+ Closed parking lot with video surveillance
+ Own autonomous heating boiler
+ Excellent infrastructure and transportation
+ A lot of educational institutions

The concept combines two types of activity - from September to May the building functions as a student hostel, and from June to August - as a budget hotel. This allowed to gather the benefits of two different business models and offset the risks associated with both models.

The hotel is still in operation today, which is a big plus for the new owners

• Finishing: very good condition
• Equipment: fully equipped/furnished, plumbing installed, washing machine
• Layout: premises both isolated and connected
• Building description: double glazed windows
• Location: river nearby, channel nearby, park nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport, intensive vehicle traffic
• Parking lot: guaranteed parking space in the courtyard
• Communications: gas heating, city water supply, city sewage
• Security: closed territory, video surveillance

Object on the map