At a Glance: Seafront hotel in Crete consists of 51 rooms plus 5 luxury suites, bar (37 m2) and swimming pool (145 m2) with sea view.
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: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / /
Built in / year: 1988
Last Renovation / year:
Accommodation
Type of Accommodation: Seafront beachfront hotel for sale / On the beach
Hotel Facilities: The complex consists of 51 rooms + 5 luxury suites, bar and swimming pool.
Room Facilities:
No. of elevators: 1 elevator
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 and Shingle
Number of Beds: 122 - 152 Beds (56 Units)
Total builded area in m2 : 2 520
Land size in m2 : 4 300
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): 749 m2
Subprojects / Remarks: This present hotel along with the hotel with the code number 1244/08 are adjacent and they are both on sale.
Available land attached (m2):
Distance from
The beach:
Airport: 20 km
Heliport:
Seaplane Terminal:
Harbour: 17 km
City / Village:
Medical Center:
Marketing Data
The hotel operates: 6 months
Agreement with Tour operators:
Wider area development:
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 10 000 000 (Updated: June 2018)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees : 17 employees X 7 months and 1 employee X 14 months
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % : from 75% to 80%
Government Financial Support: There is a free Financial Support on the investment
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