At a Glance: Charming Seafront hotel on the beach with 172 beds, Indoor swimming pool with water drills, Healing Baths private, roof garden which overlooks the sea
Region: East Sterea
Prefecture / Location:
Sale type:Sale of operating hotel
Property type:Hotel for sale with star rating
Current Status:
Alteration of use: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / Elderly center / Sanatorium
Built in / year: 1935
Last Renovation / year: 2003
Accommodation
Type of Accommodation:Seafront Hotel for sale/ Near a Town
Hotel Facilities: Restaurant, Indoor swimming pool with water drills, Healing Baths private, Spa therapies and Physiotherapy, Breakfast Lounge, Conference Hall - Recreation room, Sea-view cafeteria, Roof Garden which overlooks the bay, Parking a lot
Room Facilities:
No. of elevators: 2 elevators
Max No. of Levels (floors):
No. of buildings:
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: 172 Beds (75 Units)
Total builded area in m2 : 4 000
Land size in m2 : 4 000
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2):
Subprojects / Remarks:
Available land attached (m2):n/a
Distance from
The beach:Beachfront hotel for sale
Airport:
Heliport:
Seaplane Terminal:
Harbour: 60 km
City / Village:
Medical Center: 20 km
Marketing Data
The hotel operates: 7 months
Agreement with Tour operators: Hotel guests are Greek and Russian.
Wider area development: The location is famed, especially for its beautiful nature. Its fame is primarily due to its healing waters, which gush out at various points in the sea or close to beaches. Today it is a major tourist attraction for spa tourism. This hotel is a local jewel and has hosted celebrities such as Onassis, Maria Callas,, Omar Sharif, Eleftherios Venizelos etc.
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 9 500 000 (Updated: Nov, 2016)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :12 employees X 5 months & 2 employee X 12 months
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % :from 80% to 85%
Government Financial Support: There is a free Financial Support on the investment