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Boutique Guesthouse Investment in Jūrmala | Talsu šoseja 19

Talsu šoseja 19Jūrmala · Latvia

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Jūrmala · Latvia

The Story of
Jūrmala’s Pines

Boutique Guesthouse Investment Opportunity

A fully renovated hospitality property surrounded by Jūrmala’s pine forests, just 650 metres from the Baltic Sea — ready to be completed as a distinctive boutique guesthouse, retreat or hospitality concept.

Request full investment package → Explore the property

Image shown is an illustrative development vision

€690,000Sale price
414 m²Guesthouse
1,203 m²Land plot
12Guest rooms
650 mFrom the Baltic Sea

The investment at a glance

A Hospitality Property
Ready for Its Next Chapter

Three storeys, twelve guest rooms and a banquet hall, structurally renovated and serviced by municipal utilities. What remains is the finishing — and the concept the next owner chooses to build on top of it.

414^m²Existing guesthouse building
1,203^m²Land plot
12Double rooms · private bathrooms · air conditioning
≈100^m²Banquet / event hall
3Storeys · fully renovated structure
≈650^mFrom the sea · ≈ 9-minute walk
207.7^m²Approved project · new ancillary building
50^kWGas heating · underfloor heating
≈25^minDrive from central Riga
May–SepCore tourism season

Sale price €690,000 ≈ €1,666.66 / m²

The property is commissioned and fully renovated at structural level — a hospitality asset acquired at building cost rather than at operating-business value.

Aerial view of the Jūrmala coastline — pine forest meeting the white sand beach of the Baltic Sea, Latvia

Jūrmala coastline · Baltic Sea

Location

650 Metres from
the Baltic Sea

A rare combination of resort accessibility, pine forest atmosphere and proximity to Riga.

≈ 9 minWalk to the sea
JūrmalaBaltic Sea resort city, Latvia
Pine settingNatural pine forest surrounding the property
≈ 25 minDrive from central Riga
May–SepHigh tourist demand season

Talsu šoseja 19, Jūrmala, Latvia Baltic Sea · ≈ 650 m north-west Open in Google Maps

The existing property

The Architecture
Is Already Here

The building has undergone substantial renovation and is ready for final finishing works. Engineering systems, heating and the roof are new; walls, floors and the shell are complete. The photographs below show the property in its current condition.

Renovation work completed

New electrical wiring
New water supply and sewerage
New gas heating (low OPEX)
Underfloor heating
Air conditioning (individual control in each room)
New roof covering

Utilities

Electricity
Municipal water supply
Municipal sewerage
Gas heating — 50 kW

Current exterior of the three-storey guesthouse at Talsu šoseja 19, Jūrmala, among pine trees

Arched brick entrance of the Jūrmala guesthouse in its current, unfinished condition

Central staircase and double-height hall inside the Talsu šoseja 19 guesthouse, ready for finishing

Interior room with arched windows, plastered walls and screed floor awaiting finishing works

Upper-level gallery with timber balustrade overlooking the main hall of the guesthouse

Guest bathroom area with water and drainage connections prepared for fit-out

Guest room with arched window and installed radiator, walls prepared for decoration

Fully renovated structure.
Ready for finishing works.

The investor can complete the interior according to their own hospitality concept rather than inheriting an outdated finished product. Doors, flooring, wall finishes, tiling, shower enclosures and sanitaryware remain — the decisions that define a brand, taken by the operator who will run it.

From property to boutique hotel

Imagine What
Comes Next

Sea sand. Pine green.
Warm timber. Natural light.

The architecture allows the property to evolve into an intimate boutique hospitality concept rooted in the landscape and character of Jūrmala.

Illustrative vision of the double-height banquet hall set for an event, with timber gallery and pendant lighting — Banquet & dining hall

Illustrative vision of a guest room in sand and pine tones with an arched window — Guest room

Illustrative vision of a private guest bathroom with walk-in shower and backlit mirror — Private bathroom

Illustrative vision of an event dining room with service kitchen and arched windows — Event dining & service

Illustrative vision of the upper gallery lounge overlooking the main hall — Gallery lounge

Illustrative vision of the arched entrance terrace with lounge seating and ambient lighting — Entrance terrace

Illustrative vision of the illuminated dark brick façade and landscaped forecourt at dusk — Illuminated façade

Illustrative development vision. The images in this section are conceptual visualisations of a possible finished interior and exterior. They are not photographs of completed spaces. Current condition is shown in the previous section.

Hospitality concept

12 Rooms.
Multiple Revenue Streams.

The layout is already organised around two distinct hospitality functions — accommodation on the guest floors, and a banquet hall capable of holding celebrations, retreats and corporate gatherings independently of room occupancy.

Guest accommodation

Twelve double rooms, each with a private bathroom and individually controlled air conditioning, arranged across the first and third floors.

≈100^m²

Events & celebrations

A banquet hall with seating for approximately 40–60 guests, positioned on the second floor beneath the double-height volume.

Weddings
Private celebrations
Corporate retreats
Workshops
Wellness retreats
Small conferences

Floor plans

Three Floors Designed
Around Hospitality

Guest rooms occupy the first and third floors; the second floor carries the banquet hall and the double-height space that connects the building vertically. Select a floor to view the plan.

Click to enlarge Ground floor plan of the guesthouse at Talsu šoseja 19, Jūrmala, showing guest rooms and circulation

Click to enlarge Second floor plan showing the banquet hall with table seating and adjoining guest rooms

Click to enlarge Third floor plan showing upper guest rooms arranged around the double-height void

Ground floor

Guest rooms with en-suite bathrooms arranged around a central circulation core, with the main entrance and stair hall connecting to the floors above.

Plans are reproduced from the property documentation and are indicative of layout rather than a construction drawing. Dimensions shown in millimetres. Room configuration may be adapted by the buyer within the existing structure, subject to the relevant approvals.

Additional development potential

207.7 m² of
Additional Potential

An approved project for a new ancillary building creates an opportunity to expand the hospitality concept further.

Potential concept: spa & wellness — final use to be determined by the buyer.

Sauna
Water treatments
Relaxation lounge
Treatment rooms
Wellness facilities

Current condition of the ancillary building at Talsu šoseja 19, Jūrmala, seen from the street among pines

Garden elevation of the ancillary building with mature pine and deciduous trees

Interior shell of the ancillary building with blockwork walls and exposed timber roof structure

Illustrative vision of a spa and wellness area with sauna, plunge pool and relaxation loungers under a timber roof

207.7^m²New ancillary building
ApprovedProject documentation in place
Open useDevelopment potential · buyer defines

Potential concept — final use to be determined by the buyer. The spa and wellness images are illustrative visualisations. The approved project relates to a 207.7 m² ancillary building; any specific use remains subject to the buyer’s own design, approvals and commercial decisions.

The business opportunity

One Property.
Several Revenue Engines.

Rooms and events operate on different demand cycles. In a resort market with a concentrated summer season, that separation matters — the banquet hall can carry weekends when room demand is low, and the wellness building adds a further layer if the buyer chooses to build it.

Rooms

12-room boutique accommodation with private bathrooms and individually controlled air conditioning.

Events

Approximately 100 m² banquet hall for celebrations, weddings, retreats and corporate gatherings.

Wellness

Potential concept for the approved 207.7 m² ancillary building, subject to the buyer’s development decisions.

Conceptual

Private hire

Whole-property retreats, corporate events and celebrations taking the building on an exclusive-use basis.

Conceptual

Indicative financial model · results are not guaranteed. Conceptual revenue streams are opportunities identified in the source material, not existing or contracted income. The property is not currently operating as a hotel.

Indicative room revenue

Seasonality Creates a
Predictable Operating Rhythm

Jūrmala’s demand curve is steep but well understood. The indicative model below concentrates revenue between June and September, with May and October carrying the shoulder and the winter months operating at low occupancy.

High seasonJun–SepUp to 90% occupancy in the model
Shoulder seasonMay, OctAround 50%
Low seasonNov–Apr25–35%
Rate range€75–125Per night, seasonally adjusted

Indicative monthly room revenue

Hover a column for occupancy and rate

High season (Jun–Sep)
Shoulder & low season

Indicative annual gross room revenue ≈ €195,000

Indicative scenario only. Actual occupancy and pricing will depend on operator strategy, marketing, service quality and market conditions.

Banquet hall — indicative event build-up

Source model, years 1–3

Year 1 · events

≈ €1,130 average per event
≈ €20,400 revenue

Year 2 · events

≈ €1,850 average per event
≈ €55,500 revenue

Year 3 · events

≈ €2,650 average per event
≈ €111,300 revenue

Event volume and average spend are indicative assumptions from the source model. They depend heavily on the operator’s existing customer flow and sales capability.

Indicative financial model · results are not guaranteed.

Investment model

From Acquisition to
Operating Business

The figures below describe a corridor of potential outcomes rather than a single forecast. The lower bound reflects a cautious start-up with slower occupancy build-up; the upper bound reflects a professional hospitality operator or hotel group bringing existing customer flow to the property.

€690k

Purchase price

Property commissioned and structurally renovated.

≈ €100k

Indicative completion budget

Doors, flooring, wall paint, tiles, shower enclosures, sinks.

€200k–€300k

Potential additional investment

Depending on the operator’s concept, business model and equipment.

€57k–€155k

Indicative Year 5 EBITDA

After shared property expenses, across the modelled corridor.

15.4% – 28.2% Indicative Year 5 EBITDA margin

Lower bound

Cautious start-up. New operator, slower occupancy build-up, limited event calendar in the first years.

A corridor,
not three scenarios

Upper bound

Professional hospitality operator or hotel group with established distribution, brand and customer flow.

Indicative financial model · results are not guaranteed. €155k EBITDA is the upper bound of a modelled range, not a projected or guaranteed result. Figures are drawn from the vendor’s financial material and have not been audited.

Five-year performance corridor

EBITDA Build-Up
Across Five Years

Performance depends on occupancy, average daily rate, banquet sales, operating efficiency and the operator’s existing customer flow. Switch between the bounds of the modelled corridor below.

Indicative total EBITDA · € thousand

Year 1Year 2Year 3Year 4Year 5

Conservative bound — cautious start-up
Upper bound of the modelled corridor

Indicative financial model · results are not guaranteed. These figures represent an indicative range rather than guaranteed scenarios, and have not been independently verified.

Why this asset

Why Talsu šoseja 19

Seven reasons this property reads differently from a finished hotel or a development site — and why the difficult, capital-intensive part of the work has largely been done.

01
An established resort destination
02
650 metres from the Baltic Sea
03
Fully renovated building structure
04
12-room hospitality configuration
05
Event and banquet revenue potential
06
Approved ancillary-building development project
07
Freedom to create your own brand and interior concept

Rather than acquiring a finished hotel built around someone else’s concept, the buyer acquires the architecture, location and infrastructure — while retaining the freedom to define the final guest experience.

Talsu šoseja 19 · Jūrmala