At a Glance: 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 included in the selling price
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): 134 500 not icluded in the selling price
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: There is a free Financial Support on the investment
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