Spa Hotels and Entertainment Complex

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Tallinn, Estonia

Hotels & Resorts

€34.000.000

4 Dec 2018

108

Property Details

#108

20,126 m²

23,224 m²

Freehold

3

7.00 %

X

Fees

2.50 %

0.00 %

1.25 %

1.25 %

0.15 %

Investment Overview

Estonia - a country in Northern Europe, borders the Baltic Sea and Gulf of Finland. Population 1.3 million. Spending on leisurely activities in Estonia has increased steadily throughout the past 4 years. Spending has increased on accommodation and restaurants, while being flat for tourism services (trip booking services). The increase is supported by rising wages in Estonia (6.7% CAGR from 2012 to 2016). Strong growth continues, as total spending in the first 9 months of 2016 was 7.3% larger than in 2015. Number of foreign tourists and Estonians staying at hotels and similar establishments has increased steadily. Number of foreign tourists accommodated in Estonia exceeded 2 million for the first time in history in 2016. Total Revenues = € 15.5m (2017). EBITDA = € 3.5m. Capex = €465.000

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Market Data