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Hotel Ref.: 1219/15 Back to Search results

At a Glance: City hotel near the sea for sale in Crete, 250 beds. There are countless beaches for all tastes: big, small, noisy, quiet or cosmopolitan and all of them are fascinating

Region: Crete

Prefecture / Location: click here for information about Crete

Sale type: Sale of operating hotel

Property type: Hotel for sale with star rating

Current Status:

Alteration of use: The alteration of the hotel's use is not permitted

Suggested Usage: Hotel use / /

Built in / year: 1995

Last Renovation / year: 2009


Accommodation

Type of Accommodation: City Hotel / Near the sea

Hotel Facilities: 2 swimming pools (one for adults and one for children), 2 Restaurants for 250 people (one outdoor Restaurant for 150 people and one indoor for 100 people), a bar, a Fitness center, a livilg room, a Reception and a playground.

Room Facilities:

No. of elevators: There are no elevators

Max No. of Levels (floors): 2 levels

No. of buildings: 4 Buildings

Hotel view: Sea and Mountain View

Between the hotel and the beach: There are other properties

Beach landscape: Sandy

Number of Beds: 250


Total builded area in m2 : 1 300

Land size in m2 : 3 500

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2): n/a

Subprojects / Remarks:

Available land attached (m2): 1 000 m2

Distance from

The beach: 200 meters

Airport: 7 km

Heliport:

Seaplane Terminal:

Harbour: 8 km

City / Village: 6 km

Medical Center: 6 km

Marketing Data

The hotel operates: 12 months

Agreement with Tour operators: from Russia

Wider area development: There are several archaeological sites of great importance in the area. There are countless beaches for all tastes: big, small, noisy, quiet or cosmopolitan and all of them are fascinating. Generally speaking, the wider area has the touristic infrastructure for a luxury stay.

Tax data

Type of Transaction: Property sale

Tax / Remarks:

Financial Data

Selling price € : 2 500 000 (Updated: March, 2015)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees :

Profit before Depreciations & Taxes / € : 600 000

Average yield / % : 24

Payback period / years :

Average Occupancy / % : Over 90%

Government Financial Support: There is a free Financial Support on the investment


Important Notes: Click For Information

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