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At a Glance:
Region: East Peloponnese
Prefecture / Location: Hotel for sale in Peloponnese, click for info about East Peloponnese
Sale type: Sale of non 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 / Condo hotel use / Shopping mall
Built in / year: 1975
Last Renovation / year:
Accommodation
Type of Accommodation: Beachfront Hotel for sale / On the beach
Hotel Facilities: 3 Tennis courts, 1 Volleyball court, 1 Basketball court, 2 Swimming pools, Indoor restaurant for 500 people, Snack Bar, Cocktail bar, Mini golf, Lobby area, Playground, Conference room for 400 people, Tavern for 220 people, Theatre, archery court, Mini soccer, e.t.c.
Room Facilities:
No. of elevators: 4 elevators
Max No. of Levels (floors): 9 levels
No. of buildings: 5 Buildings
Hotel view: Sea and Mountain View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy and Pebbly
Number of Beds: 565 Beds (222 Rooms + 66 Bungalows)
Total builded area in m2 : 12 800
Land size in m2 : 39 557 m2 (12,000 m2 + 27,557 m2)
Land characterization : In urban planning
Remarks : The hotel complex has 160 meters front on the beach.
The total land area is 39,557 m2, divided into two sections.
The first 12,000 m2 section, which borders the sea and the second 27,557 m2 section, which does not border the sea, are divided by a shared paved road.
In the first section, there are 2 buildings, one of which is a multi-storey hotel and in the second section there are 3 buildings that contain 66 bungalows.
Development potential
Further permitted building area (m2): 3,915 additional m2 can be built for the expansion of the existing hotel.
Subprojects / Remarks:
Available land attached (m2): Some parcels of land adjacent to the hotel are available for purchase
Distance from
The beach: Beachfront hotel for sale
Airport: 50 minutes
Heliport: n/a
Seaplane Terminal: n/a
Harbour: 60 km from Pireaus port
City / Village: City Hotel
Medical Center: 5 minutes
Marketing Data
The hotel operates: 9 months
Agreement with Tour operators: from Austria, France, Russia e.t.c.
Wider area development: Tourism has developed in the area where you can find luxurious hotels and private villas. The main characteristic of this prefecture is its many archaeological sites.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks: The objective value of the present hotel is 9 000 000 Euros.
Financial Data
Selling price € : The selling price of both sections (the 12,000-m2 plot of land and the 27,557 m2 plot of land = 39,557 m2) is 7,500,000 Euros. The two sections can be sold separately.
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % :
Government Financial Support: There is a free Financial Support on the investment
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