Hotel MERIKRUUNU – a unique hotel complex in the archipelago of Kimitoön, Kemiönsaari

HOTEL MERIKRUUNU – HOTEL BUILDINGS ON KEMIÖNSAARI

A completed hotel and accommodation complex in the archipelago of Kemiösaari

Sold by auction is the unique Hotel Merikruunu building complex, comprising a three-storey hotel building, a garage, the Artur yard building and two separate overnight cabins.

The hotel has 13 guest rooms as well as, among other things, a large hall, a café area, a pub, an industrial kitchen and a separate flat with its own entrance. The property provides ready-made facilities for continuing hotel, accommodation, restaurant and tourism operations, or for developing the whole in line with the new owner’s own concept.

The auction is selling the buildings without the share of the property relating to the hotel area and without the hotel’s movable property.

The auction winner has the option either to:

purchase the share of the property relating to the hotel area separately for €149,000, or

lease the land needed by the hotel for an annual rent of €6,000, if necessary for a lease term of up to 30 years.

The hotel’s entire movable property can also be acquired in a separate transaction for €49,000.

The property is also listed on Yrityspörssi.com, etuvoi.com and oikotie.fi

BUILDINGS INCLUDED IN THE AUCTION

The auction item includes:

• Hotel Merikruunu hotel building

• garage

• Artur yard building

• two separate overnight cabins.

The buildings are sold as one whole.

HOTEL BUILDING

The hotel building has three storeys.

A rough estimated floor area based on the building’s external dimensions is approximately 250 m² per floor.

The floor area has not been verified by measurement, and the stated estimate should not be regarded as official or measured floor area information.

The hotel has 13 guest rooms and various other spaces serving hotel and restaurant operations.

The building includes, among other things:

• 13 guest rooms

• hall

• Café Edit

• Pub Oskar

• industrial kitchen

• flat with one room and kitchen

• storage and service areas

• technical spaces and boiler room

• corridor and other spaces serving hotel operations.

In addition to current hotel and accommodation use, the complex is suitable for various tourism, restaurant, event, conference, course and group activities in accordance with the new owner’s plans and the necessary official permits. Café Edit, Pub Oscar and the hotel each have their own entrances, which also makes it possible to use the spaces as separate operations.

GARAGE, ARTUR YARD BUILDING AND OVERNIGHT CABINS

In addition to the hotel building, the auction includes a garage, the Artur yard building and two separate overnight cabins.

The buildings are part of the same sold whole and complement the hotel’s range of uses.

LAND AREA – THE BUYER HAS TWO OPTIONS

The share of the property relating to the hotel area is not included in the auction price.

Under the partition agreement, the area used by the hotel is designated Area 52. According to the agreement, control of Area 52 covers approximately a 2,680 m² area on which the hotel buildings are located.

The auction winner may choose between two options.

Option 1 – purchase of the share

The buyer may acquire the share of the property relating to the hotel area in connection with the property sale for a separate purchase price of €149,000.

The share includes control of Area 52 in accordance with the partition agreement.

Option 2 – long-term leasing of the land area

If the buyer does not wish to acquire the share, the land area needed by the hotel can be leased to the buyer for an annual rent of €6,000.

The lease term can be agreed as long-term according to the buyer’s needs, if necessary for up to 30 years.

The rent will be increased by 5% annually.

At the end of the lease period, the parties may enter into a new updated land lease agreement based on the prevailing circumstances and terms at that time.

A separate written land lease agreement will be drawn up, setting out in detail, among other things, the lease term, rent payments, rent increases, use of the area and other lease terms.

A long lease term gives the buyer the opportunity to operate and develop the business in the long term without having to tie up capital in the purchase of the land area at the same time as acquiring the buildings.

USE OF THE BOAT DOCK

According to the partition agreement, the holder of Area 52 has a 20% share in the control of the boat berths/dock. The agreement also governs the use of the dock and the sharing of related costs.

If the buyer also acquires the share of the property relating to the hotel area, the rights connected to the control of Area 52 will be determined in accordance with the partition agreement.

If the buyer chooses to lease the land area, the right to use the dock needed for hotel operations will be arranged in the land lease agreement.

An official boat route runs in front of the dock.

POSSIBILITIES FOR DEVELOPING THE HOTEL AREA

According to the partition agreement, in Area 52 it is possible, without the separate consent of the other contracting parties, to build or have built, in whole or in part, buildings and structures that, under the valid zoning plan, serve and promote tourism.

This offers the new owner opportunities for the future development of the hotel area.

The buyer must separately check the conditions for any further construction, changes in use or other development, as well as the necessary official permits.

MOVABLE PROPERTY – ENTIRE HOTEL MOVABLE PROPERTY €49,000

The hotel’s movable property is not included in the auction or in the bid submitted at the auction.

However, the auction winner has the opportunity to acquire all of the hotel’s movable property in a separate transaction for €49,000.

This gives the buyer the opportunity to acquire, in addition to the buildings, the movable property in the hotel and thereby make use of the existing whole in continuing the business. The movable property is extensive and includes, among other things, equipment and fittings used in the hotel rooms, halls, restaurant and café areas, and kitchen. The movable property can be viewed during the presentation.

A separate agreement will be drawn up for the sale of the movable property.

THE PROPERTY WILL BE TRANSFERRED FREE OF THE CURRENT HOTEL LEASE

The hotel is currently occupied by a tenant. The current lease will be terminated, and the property will be transferred to the buyer free of the current hotel operating lease.

The new owner can therefore decide for themselves whether to continue hotel operations as their own business, acquire a new operator for the property, or develop another suitable operating model for the property.

A READY-MADE WHOLE FOR THE NEW OWNER TO DEVELOP

Hotel Merikruunu offers an interesting starting point for a buyer looking for ready-made premises and a long history for a functioning hotel, accommodation, restaurant or tourism business.

The complex includes the three-storey hotel building, 13 guest rooms, restaurant and café spaces, a pub, an industrial kitchen, a flat, two separate overnight cabins, a garage and the Artur yard building.

The buyer can choose whether to acquire the share of the property relating to the hotel area for €149,000 or lease the land area needed by the hotel for €6,000 per year, if necessary for a lease term of up to 30 years.

If desired, the buyer can also acquire all of the hotel’s movable property for €49,000.

This allows the buyer to structure the transaction in a way that suits their financing and plans.

VIEWING THE PROPERTY AND DOCUMENTS

Viewing the property is agreed separately and we present the property by private viewing, so book your own time to see this unique complex!

Hotel Merikruunu is a historic property whose renovation and repairs have aimed to respect its character. The photographs can show only part of the whole, which is why we recommend viewing the property before making an offer. Documents relating to the hotel area are available for the property.

Prospective buyers are advised to carefully review the property, the buildings and the documents relating to the sale before making an offer.

The floor areas of the buildings are stated estimates unless otherwise expressly stated in the documents.

Viewings, further information and arranging a visit:

Marjo Laine
tel. 040 507 1096, email. marjoann.laine@gmail.com

Kim Artzén
tel. 0400 783 580, email. kim.artzen@gmail.com

AUCTION ITEM IN BRIEF

Included in the auction: Hotel Merikruunu hotel building, garage, Artur yard building and two overnight cabins.

Hotel building: 3 storeys, rough estimate based on external dimensions approximately 250 m²/floor, total approximately 750 m². Floor area has not been verified by measurement.

Accommodation: 13 guest rooms and two separate overnight cabins.

Other spaces: hall, Café Edit, Pub Oskar, industrial kitchen, flat, storage, service and technical spaces and other spaces serving hotel operations.

Land area: not included in the auction. The share of the property relating to the hotel area can be purchased separately for €149,000 or the land area needed by the hotel can be leased for €6,000/year.

Land lease: lease term according to the buyer’s needs, if necessary for up to 30 years. Rent is increased by 5% annually. At the end of the lease period, a new updated lease agreement may be made.

Movable property: not included in the auction. All of the hotel’s movable property can be purchased in a separate transaction for €49,000.

Boat dock: Area 52 has a 20% share in the control of the boat berths/dock in accordance with the partition agreement. If the land is leased, the hotel’s right to use the dock is arranged in the land lease agreement.

Control: the property will be transferred to the buyer free of the current hotel operating lease.

The auction price applies only to the buildings specified above. The share of the property relating to the hotel area and the hotel’s movable property are not included in the auction price.