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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1305/05 VIDEO 103 Back to Search results

At a Glance: Unique opportunity to buy this beachfront hotel in Greece, max.485 beds, with a lot of hotel facilities, 50 min. by car from airport

Region: East Sterea

Prefecture / Location:

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: Wedding Hotel / Hotel use / Sport Hotel

Built in / year: 1980

Last Renovation / year: 2008


Accommodation

Type of Accommodation: Beachfront Hotel for sale / On the beach

Hotel Facilities: 2 Tennis courts, 1 Basketball court, Mini golf, Football field, Volleyball court, archery court, Indoor main restaurant For 400 people, Tavern by the beach, Pool bar, Beach bar, Main bar, Spacious lobby, Conference room of 160 m2, Outdoor Theatre for 250 people, 2 Swimming pools (one for children of 16 m2 and one for adults of 230 m2), Gym, Sauna, Massages, Facial and body treatment, water sports (Canoe, Surfing, Water ski, Banana, Jet ski, fishing)

Room Facilities:

No. of elevators: 2 elevators

Max No. of Levels (floors): 4 levels

No. of buildings: 6 Buildings

Hotel view: Sea and Mountain View

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

Beach landscape: Sandy and Pebbly

Number of Beds: min 350 - max 485


Total builded area in m2 : 10 165

Land size in m2 : 28 016

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2): 5 319

Subprojects / Remarks: Available

Available land attached (m2): 9 941

Distance from

The beach: Beachfront

Airport: from 45 minutes to 1 hour by car

Heliport:

Seaplane Terminal:

Harbour: 2 km

City / Village: 2 km

Medical Center: 22 km

Marketing Data

The hotel operates: 7 months

Agreement with Tour operators: from Greece, Russia, France, Bulgaria, Romania

Wider area development: Tourism has developed in the area where you can find luxurious hotels and private villas. The main characteristic of this prefecture is its many archaeological sites.

Tax data

Type of Transaction: Company sale or Property sale

Tax / Remarks: In most areas in Greece the system of so-called 'objective values' is applicable. The objective value of the asset in question is calculated by the tax office pursuant to a standard method set by the state. The objective values are a system of unified values which are calculated based on objective criteria such as the location and construction of the specific real estate assets. The objective value of the present hotel is 4,759,250 Euros.

Financial Data

Selling price : 6 900 000 (Updated: May 7, 2016)

For the investor

Revenues / € : 1 660 186

Operating Expenses / € : 1 167 946

No. of employees : 54 employees X 105 days + 9 employees X 12 months

Profit before Depreciations & Taxes / € : 492 240

Average yield / % : 7.13

Payback period / years : 14

Average Occupancy / % : from 50% to 60%

Government Financial Support: State Grant up to 40% on the investment


Important Notes: Click For Information

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