At a Glance: Seafront beachfront hotel for sale in Crete. It's one of the most popular tourist locations of Crete. 120 beds, plot 5 000 m2, with own beach
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: Operating with permit
Alteration of use: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / /
Built in / year: 1975
Last Renovation / year: 2011
Accommodation
Type of Accommodation: Seafront beachfront hotel for sale / On the beach
Hotel Facilities:
Room Facilities:
No. of elevators: There are no 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: 120
Total builded area in m2 : 1 200
Land size in m2 : 5 000
Land characterization :
Remarks :
Development potential
Further permitted building area (m2):
Subprojects / Remarks:
Available land attached (m2): 2 500 m2
Distance from
The beach:
Airport: 35 km
Heliport:
Seaplane Terminal:
Harbour: 35 km
City / Village:
Medical Center:
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators: TUI
Wider area development:
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 5 700 000 (Updated: March, 2015)
For the investor
Revenues / € : 1 000 000
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % : from 85% to 90%
Government Financial Support: There is a free Financial Support on the investment
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