Location
Kaļķu iela
Vecrīga
Facilities
Price History
Description
Vecrīga House Sell 3 300 000 EURPremium investment in the heart of Old Riga. A unique commercial real estate asset is offered for sale — a modern premium-class hotel located in the historic center of Riga, on one of the busiest streets of the Old Town — Kaļķu Street, just steps away from the Town Hall Square. The building, constructed in 2002 and fully renovated in 2012, combines elegant architecture with a well-thought-out functional layout. The total area of the property is 2,204.6 m². Floor areas: • 1st floor – 384.3 m² • 2nd floor – 381.3 m² • 3rd floor – 377.3 m² • 4th floor – 364.6 m² • 5th floor – 277.9 m² (accommodations and technical premises) • 6th floor – 66.2 m² (used as a technical floor) • Basement – 353 m² (technical rooms, bar, and restaurant) Building specifications: • Foundation – monolithic reinforced concrete • Exterior walls – lightweight concrete, insulated and plastered • Floor slabs – reinforced concrete • Roof – metal The building is equipped with modern engineering systems, multiple elevators, an autonomous gas boiler room, air conditioning, and all necessary utilities. The hotel features 30 rooms, including: • 18 Classic rooms (18–28 m²) • 8 Executive rooms (28–39 m²) • 2 Deluxe Suites with fireplaces and saunas (53 m²) • 1 Luxury Suite with fireplace and sauna (84 m²) • 1 Royal Suite with two bedrooms (153 m²) Additional opportunities: • Spacious basement floor suitable for a restaurant • Potential for SPA area, fitness center, and conference halls • Originally operated as a five-star hotel, the property offers a flexible architectural layout and may be transformed into a boutique hotel, serviced apartments with expanded room capacity, or a residential complex • Potential for long-term lease by an international operator Location advantages: • Situated in the historic center of Riga, on a pedestrian street with high tourist traffic • Prestigious surroundings, architectural heritage, and protected status area • Excellent transportation accessibility • High demand from both tourists and business travelers This property represents a strategic asset in the Latvian hotel real estate sector, combining key factors: a premium location, developed infrastructure, a stable flow of guests, and broad potential for increasing profitability.Read more
Location
Kaļķu iela
Vecrīga
Facilities
Price History
Description
Vecrīga House Sell 3 300 000 EURPremium investment in the heart of Old Riga. A unique commercial real estate asset is offered for sale — a modern premium-class hotel located in the historic center of Riga, on one of the busiest streets of the Old Town — Kaļķu Street, just steps away from the Town Hall Square. The building, constructed in 2002 and fully renovated in 2012, combines elegant architecture with a well-thought-out functional layout. The total area of the property is 2,204.6 m². Floor areas: • 1st floor – 384.3 m² • 2nd floor – 381.3 m² • 3rd floor – 377.3 m² • 4th floor – 364.6 m² • 5th floor – 277.9 m² (accommodations and technical premises) • 6th floor – 66.2 m² (used as a technical floor) • Basement – 353 m² (technical rooms, bar, and restaurant) Building specifications: • Foundation – monolithic reinforced concrete • Exterior walls – lightweight concrete, insulated and plastered • Floor slabs – reinforced concrete • Roof – metal The building is equipped with modern engineering systems, multiple elevators, an autonomous gas boiler room, air conditioning, and all necessary utilities. The hotel features 30 rooms, including: • 18 Classic rooms (18–28 m²) • 8 Executive rooms (28–39 m²) • 2 Deluxe Suites with fireplaces and saunas (53 m²) • 1 Luxury Suite with fireplace and sauna (84 m²) • 1 Royal Suite with two bedrooms (153 m²) Additional opportunities: • Spacious basement floor suitable for a restaurant • Potential for SPA area, fitness center, and conference halls • Originally operated as a five-star hotel, the property offers a flexible architectural layout and may be transformed into a boutique hotel, serviced apartments with expanded room capacity, or a residential complex • Potential for long-term lease by an international operator Location advantages: • Situated in the historic center of Riga, on a pedestrian street with high tourist traffic • Prestigious surroundings, architectural heritage, and protected status area • Excellent transportation accessibility • High demand from both tourists and business travelers This property represents a strategic asset in the Latvian hotel real estate sector, combining key factors: a premium location, developed infrastructure, a stable flow of guests, and broad potential for increasing profitability.Read more