Description
EXCEPTIONAL BEACHFRONT HOTEL WITH APPROVED EXPANSION TO 400 ROOMS
Hotel Palace represents one of the most significant hotel development opportunities on Croatia’s Adriatic coast. This historic 1921 beachfront property combines rich architectural heritage with extraordinary expansion potential, offering investors a rare chance to create a world-class resort destination between UNESCO-listed Split and historic Trogir.
STRATEGIC LOCATION
Positioned in the heart of the Kaštela Riviera with direct beachfront access, Hotel Palace offers unparalleled connectivity:
- 10 minutes from Split Airport (SPU) – Croatia’s second-busiest international gateway
- 20 minutes to Split city center and Diocletian’s Palace (UNESCO World Heritage Site)
- 15 minutes to historic Trogir (UNESCO World Heritage Site)
- Direct access to Adriatic Sea with private beach
- Excellent road, rail, and ferry connections throughout Dalmatia
PROPERTY OVERVIEW
Total Land: 36,425 m² of prime coastal real estate
Current Status: Operational 85-room hotel in historic Palace building (built 1921-1928 by Dr. Petar Kamber)
Development Rights: Approved expansion to 300-400 rooms across three building phases
Zoning:
- T1 Hotel Zone: 20,086 m² (30% buildability = ~10,000 m² construction rights)
- Z1 Protected Historic Park: 11,516 m² (established 1910, cultural monument status)
- R3 Beach Zone: 4,823 m² (beach facilities and water sports permitted)
DEVELOPMENT SCENARIOS
Phase I – Current (Building A):
- 85 operational rooms generating immediate revenue
- Classic European architecture with modern amenities
- Established guest base and operational history
Phase II – Regular Scenario (Buildings A + B):
- Total: 224 rooms
- Footprint: 6,500 m² (within 6,900 m² maximum)
- Room mix: Standard doubles (60%), triple rooms (20%), family rooms (10%), suites (8%)
Phase III – Maximized Scenario (Buildings A + B + C):
- Total: 300-400 rooms (subject to architectural optimization)
- Three interconnected buildings with heights Ground+3 to Ground+5
- 5-star upscale positioning
- GFA per key: 66.84 m² (international luxury standard)
FACILITIES & AMENITIES
Approved Development Program:
- Main restaurant (640 capacity)
- Buffet restaurant with sea-view terrace
- Multiple bars and lounges (200 capacity)
- Professional kitchen and back-of-house (3,351 m²)
- Wellness center & spa: 1,400 m² total
- Indoor pool (360 m²)
- Treatment rooms, hammam, sauna
- Fitness center (150 m²)
- Conference facilities
- Grand ballroom (470 m²)
- Meeting rooms (180 m²)
- Recreation & entertainment
- Outdoor pools and sun terraces
- Water sports center
- Kids and teens clubs
- Sports facilities
- Underground parking: 234 spaces approved
UNIQUE FEATURES
✓ Historic Heritage: Built 1921-1928, architectural landmark and first luxury hotel in Kaštela
✓ Protected Park: 11,516 m² historic park (established 1910) with cypress alley and Mediterranean gardens
✓ Direct Beachfront: Private beach access with water sports potential
✓ Approved Zoning: Development rights in place for 300-400 room expansion
✓ Operational Revenue: Existing 85-room hotel generates cash flow during development
✓ Infrastructure Ready: All utilities, road, rail, and airport access established
✓ Marina Access: Walking distance to Marina Kaštela
✓ Year-Round Market: Cultural attractions, business travel, and leisure tourism
INVESTMENT OPPORTUNITY
The Croatian Adriatic coast continues to experience strong tourism growth, with the Split region leading expansion. This property offers:
- Supply Gap: Limited 5-star beachfront hotels between Split and Trogir
- Growing Demand: Split Airport passenger numbers increasing annually
- Investment Grade: Meets international hotel brand standards for potential flagging
- Phased Development: Operational revenue possible during construction phases
- Exit Flexibility: Operate independently, flag with major brand, mixed-use development (20% residential permitted), or sell upon completion
IDEAL FOR:
- International hotel developers and operators
- Hospitality investment funds seeking Croatian Riviera assets
- Family offices looking for legacy resort properties
- Hotel brands seeking flagship Dalmatian coast location
- Mixed-use developers (20% residential component permitted within hotel system)
DOCUMENTATION AVAILABLE:
- Comprehensive architectural development plans (multiple scenarios)
- Urban planning and zoning confirmation
- Land registry certificates for all parcels
- Environmental and heritage compliance documentation
- Site plans and 3D renderings
This is a confidential offering presented exclusively by 385 Real Estate d.o.o.
Additional information, financial projections, and site visits available to qualified buyers under NDA.
Contact: Tomislav Robic | +385 99 385 7325 | info@385realestate.hr
