At a Glance: The hotel is situated in the most cosmopolitan suburb of Attica, right in the heart of Athens Riviera. It is only 20 minutes drive from the center of Athens
Region: Attica South Suburbs of Athens
Prefecture / Location:
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 / Elderly center / Medical center
Built in / year: 1935
Last Renovation / year: 2010
Accommodation
Type of Accommodation: City Hotel /
Hotel Facilities: Reception, outdoor swimming pool
Room Facilities:
No. of elevators: 1 elevator
Max No. of Levels (floors): 5 floors plus basement
No. of buildings: 1 Building
Hotel view: Sea View
Between the hotel and the beach: There are other properties
Beach landscape: Sandy
Number of Beds: 120 Beds (48 Units)
Total builded area in m2 : 1 500
Land size in m2 : 800
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: n/a
Available land attached (m2): n/a
Distance from
The beach: 4 km
Airport: 25 km
Heliport: 25 km
Seaplane Terminal:
Harbour: 25 km
City / Village: City hotel
Medical Center: 10 minutes by car
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators:
Wider area development: The hotel is situated in the most cosmopolitan suburb of Attica, right in the heart of Athens Riviera. It is only 20 minutes drive from the center of Athens and Piraeus and 25 km away from the national airport 'Eleftherios Venizelos' which is very well accessed by public transportation or taxi. Also it is near to the exhibition center in Ellinikon and the famous Golf club 'Konstantinos Karamanlis'. Next to the modern marinas of Glyfada, Alimos, Vouliagmeni and Flisvos, next to the most beautiful beaches of Glyfada, Vouliagmeni , Lagonisi and at close distance from stores, banks and entertainment centers. The hotel provides the opportunity to combine unique moments of relaxation and serenity with business. The hotel completely renovated hotel offers all modern facilities.
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 8 600 000 (Updated: June, 2018)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % : Over 90%
Government Financial Support: There is a free Financial Support on the investment
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