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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1305/02 VIDEO 104 Back to Search results

At a Glance: Hotel business - to buy a hotel in Greece, large beachfront hotel for sale, 1 100 - 1 400 beds, Land size 140 000 m2

Region: East Sterea

Prefecture / Location:

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 / Condo hotel use / Spa Hotel

Built in / year: 1971 - 1998

Last Renovation / year: 1995


Accommodation

Type of Accommodation: Beachfront Hotel for sale / With private beach

Hotel Facilities: Restaurant (No1) 400 m2, Restaurant (No2) 500 m2, Conference rooms 1 500 m2, indoor Bars ( sitting areas 2 000 m2), Mini soccer, 2 tennis courts, 3 swimming pools of a total of 2 000 m2, Taverna of 300 seats, Bar inside the swimming pool.

Room Facilities:

No. of elevators: 6 elevators

Max No. of Levels (floors): 5 levels

No. of buildings: 22 Buildings

Hotel view: Sea and Mountain View

Between the hotel and the beach: There are not any properties

Beach landscape: Sandy

Number of Beds: 1 100 - 1 400


Total builded area in m2 : 28 690 (22 Buildings)

Land size in m2 : 140 000

Land characterization : Outside urban planning

Remarks : The facade of the property to the beach is 600 meters long. The hotel is about 40 60 minutes by car from Athens.

Development potential

Further permitted building area (m2): n/a

Subprojects / Remarks: 6 professional courts, Spa, indoor swimming pool

Available land attached (m2): 65 000

Distance from

The beach: Beachfront

Airport: 100 km

Heliport:

Seaplane Terminal:

Harbour: 5 km

City / Village: 5 km

Medical Center: 22 km

Marketing Data

The hotel operates: 6 months

Agreement with Tour operators: from Russia, France, Holland, Belgium, Poland, United Kingdom

Wider area development: Tourism has developed in the wider area

Tax data

Type of Transaction: Company sale

Tax / Remarks:

Financial Data

Selling price : 42 000 000 (Updated: Oct, 2017)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees : 22 employees X 14 months + 160 employees X 5 months

Profit before Depreciations & Taxes / € :

Average yield / % :

Payback period / years :

Average Occupancy / % : from 50% to 60%

Government Financial Support: State Grant up to 60% on the investment


Important Notes: Click For Information

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