At a Glance: The hotel is situated just 15 minutes walk from Syntagma square, where the Parliament and the National Garden are.
Region: Attica Athens
Prefecture / Location: Athens
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 / Shopping mall / Medical center
Built in / year: 1975
Last Renovation / year: 2003
Accommodation
Type of Accommodation: City Hotel / Business Hotel
Hotel Facilities: Restaurant, bar, 2 elevators
Room Facilities:
No. of elevators: 2 elevators
Max No. of Levels (floors): 9 levels
No. of buildings: 1 Building
Hotel view: Not with a particular view
Between the hotel and the beach:
Beach landscape:
Number of Beds: 210 - 260 Beds (105 Units)
Total builded area in m2 : 5 200
Land size in m2 :
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:
Airport: 40 minutes
Heliport: 40 minutes
Seaplane Terminal:
Harbour: 20 minutes
City / Village: The hotel is found in the heart of Athens city.
Medical Center: 5 minutes
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators: from European countries
Wider area development: The hotel is situated just 20 minutes walk from Syntagma square, where the Parliament and the National Garden are, and few minutes away from the famous district, Plaka. Acropolis, museums, National Gallery are all in short and pleasant walking distance. Modern department stores, souvenir shops and tavernas are all in the area. The hotel is found in the heart of Athens city, and it is easily accessible to all underground stations, public transport (bus, tram, metro), as also taxi. So, every destination is easily accessible. The airport of Athens, Eleftherios Venizelos, is 40 minutes drive away from the hotel and you can reach it either by taxi or by metro. Piraeus port is 20 minutes away by subway.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 16 000 000 (Updated: Oct 2018)
For the investor
Revenues / € : 2 000 000 - 3 000 000
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € : 1 500 000
Average yield / % :
Payback period / years :
Average Occupancy / % : Information not available
Government Financial Support: There is a free Financial Support on the investment
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