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The coronavirus pandemic has had a negative impact on hotel and tourism companies around the world. Due to closed walls and quarantine, some entrepreneurs were forced to sell their thriving businesses: hotels and exclusive mansions with apartments.
Experts analyzed this market in the Baltic countries and selected the most interesting offers: from a small hotel near St. Anne’s Church in Vilnius, a unique estate near Tallinn dating from the 13th century.
In 2020, many accommodation establishments faced a major problem: the flow of tourists petered out. As a result, some hotels, mansions, and resorts were found on real estate listings (RE).
“If the chain’s hotels had a financial pillow and somehow managed to survive part of the crisis, then the pandemic turned into a disaster for small hotels. With the hotel ban and staff reduction, what has happened has happened. we have now: some of them are being sold, ”says Artiomas Umanets, president of the Estonian company RIA.com Marketplaces, which has analyzed the Baltic property market.
Old hotels are for sale in Lithuania
1. This hotel for sale is located in the very center of Vilnius, built in 2002. Its total area is 4,263 square meters. meter. The hotel has 88 rooms. 1338 square meters. m parcel of land for 99 years (until 2096) leased to the Government of Lithuania. The price of the hotel is 6.8 million. euros.
2. The operational hotel is located in the old town of Vilnius, near the Gates of Dawn. The hotel was built in 1940 and renovated in 2013. Its total area is 815 m2. meter. The three-story building has a basement and an attic and has 18 rooms. Restaurant on the ground floor. There are also kitchens and spa facilities. Apartments on the 2nd and 3rd floor and in the attic. The price of the hotel is 2.8 million. euros.
3. Resort “Aerodream” – located in the town of Rūdiškės, 45 minutes away. by road from Vilnius International Airport. The hotel and complex has been in operation since 2005. The cabins and apartments can accommodate 150 people. There is also a restaurant, conference and entertainment building that can accommodate up to 500 guests. The area of the entire territory is 4 ha. The total price – almost two million. euros.
4. This hotel, built in 1940, is located in the old town of Vilnius, next to St. Anne’s Church. The hotel has four rooms, its total area is 234 square meters. meter. Price – 700 thousand. euros.
