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Panoramic Restaurant in Premium MÉLIS Complex in the Carpathians Offered for Sale at $1.87 Million

Panoramic Restaurant in Premium MÉLIS Complex in the Carpathians Offered for Sale at $1.87 Million

A restaurant-designated commercial property within the MÉLIS hotel complex near Bukovel has been brought to market. Investors are being offered an asset with projected annual yields starting from ...

A panoramic restaurant within the premium MÉLIS hotel complex has been put up for investment sale in the village of Yablunytsia, in Ukraine’s Ivano-Frankivsk region, at the key turnoff from the main highway to Bukovel. Located 10 minutes from the resort, the asset is positioned as a commercial property with guaranteed income for investors.

The offering covers a restaurant space on the 9th floor of the complex, with panoramic views of the Carpathian mountain range and mature spruce forest. The total physical area of the asset is 779 sq. m, while the sale is structured based on 623 sq. m of chargeable area at a price of $3,000 per sq. m. The total project value is $1.869 million.

The asset includes a restaurant hall of 266.28 sq. m, two terraces with a combined area of 223 sq. m, a professional kitchen on the 9th floor, full back-of-house infrastructure on the basement level with elevators, and six restrooms. In addition, buyers are offered an option to acquire a 657.25 sq. m rooftop area that can be used as a bar, lounge, or event space.

The MÉLIS project is being developed as a premium hotel complex with 337 apartments in partnership between developer NUMO Development and management company RIBAS Hotels Group. The complex includes extensive on-site infrastructure, including a reception area, lobby bar, fireplace room, coworking space, art space, conference hall, spa, swimming pools, gym, children’s room, ski infrastructure, and leisure areas. According to the seller’s concept, this is intended to generate a stable guest flow and support restaurant traffic throughout the year.

An additional traffic driver is expected to come from the 4-hectare MÉLIS Relax Park, which is positioned as a separate source of visitors independent of hotel occupancy. The park is planned to include a cocktail bar, a stage with amphitheater, a petting zoo, a rope park, a mirror maze, a music pavilion, and both winter and summer activity zones.

The financial model proposed under a scenario in which the restaurant is operated by RIBAS Hotels Group provides for a fixed lease payment of $10 per sq. m per month, or $74,760 per year, as well as 5% of the restaurant’s gross revenue. Fit-out and furnishing, according to the offer, are to be borne by the tenant, while the long-term lease agreement is expected to be notarized. Project materials indicate projected investor returns of 8.6%–10.6% per annum, rising to as much as 11.2% per annum if the rooftop area is acquired. Under a scenario involving an external restaurant operator, returns could increase to 19.2% per annum, according to the seller’s calculations.

The project’s investment case is based on a combination of several factors: a built-in audience from 337 apartments, Bukovel’s tourism flow, a panoramic location, a hybrid income model, and the all-season nature of the Carpathian resort market. The sales materials state that the asset is offered through a direct real estate purchase transaction, and all deal-related inquiries are to be handled through exclusive advisor BK Invest.

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