Location and Main Features
Hotel Dela is a family-run bed & breakfast accommodation located about 1.2 km from the center of Hvar. It has around 10 rooms, a pool, free WiFi, parking, and offers free taxi services to the town. It is known for its family atmosphere and excellent guest reviews for cleanliness, service, and location. We managed the construction/project management from 2011 to 2013.
Occupancy and Prices
Room rates during the season range approximately from 90 to 140 EUR per room, with the property being very affordable compared to the center of Hvar. Reviews suggest very good occupancy during the tourist season, supported by family involvement and guest satisfaction.
Financial Data (From the report of the company Hotel Hvar d.o.o.)
Total revenue: approximately 2.4 million HRK annually (about 320,000 EUR).
Expenses: approximately 2.3 million HRK annually.
Profit: about 130,000 HRK (approx. 17,300 EUR) annually.
Number of employees: 47, with an average gross salary of about 1,187 HRK per employee.
Current liquidity ratio and capital structure are stable.
SWOT Analysis
Strengths: Family atmosphere, free transportation to the city center, good price-quality ratio, pool, and large terrace.
Weaknesses: Location slightly farther from the main square, smaller capacity (10 rooms).
Opportunities: Development of services for families, additional offerings of active and relaxing vacations, cooperation with local restaurants.
Threats: Seasonal dependence, high competition on the island of Hvar.
Conclusion
Hotel Dela is a profitable small property with a family environment and stable financial results. Although the capacity is smaller and the location farther from the center, reliable occupancy and high guest satisfaction enable good investment sustainability for a small boutique hotel in Hvar.