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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1306/18 Back to Search results

At a Glance:

Region: East Peloponnese

Prefecture / Location:

Sale type: Sale of non 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 / Spa Hotel / Suites hotel

Built in / year: 1968 - 1972

Last Renovation / year:


Accommodation

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

Hotel Facilities: 1 Restaurant (315 m2), Lobby area (250 m2), Pool Bar, Bar, Taverna, outdoor Theatre, Swimming pool (300 m2), 2 Conference halls

Room Facilities:

No. of elevators: 2 elevators

Max No. of Levels (floors): 3 levels

No. of buildings: 15 Buildings

Hotel view: Sea View

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

Beach landscape: Sandy and Pebbly

Number of Beds: 230 Beds (100 Rooms + 26 Rooms for the Staff))


Total builded area in m2 : 5 500 m2 (15 Buildings)

Land size in m2 : 42 000

Land characterization : Outside urban planning

Remarks : The facade of the property to the sea is 300 meters.

Development potential

Further permitted building area (m2): n/a

Subprojects / Remarks: n/a

Available land attached (m2): n/a

Distance from

The beach: Beachfront

Airport: 110 km from Kalamata airport , 45 minutes from Tripoli airport, 20 minutes from Sparta airports

Heliport: 29 km

Seaplane Terminal: 3 km under construction

Harbour: 4 km

City / Village: 3 km

Medical Center: 3 km

Marketing Data

The hotel operates:

Agreement with Tour operators:

Wider area development: The hotel is located in middle south of Peloponese. Close to the hotel there is a lively, charming little harbour town. The most of its houses are two- or three-storey neo-classical mansions . A long sea-side promenade, the colourful fishing boats, the narrow streets and stairways produce the typical Greek environment which faszinates every visitor.
The Peloponnese is famous for its many archaeological findings, such as the ancient site of Olympia, where the Olympics were born and ancient Sparta. But it is also an area full of nature, dramatic landscapes, gorgeous beaches and beautiful Byzantine monasteries and medieval villages. Agricultural plains with citrus fruits, olive groves and vineyards alternate with high mountainous areas only inhabited by a few farmers.

Tax data

Type of Transaction: Property sale

Tax / Remarks:

Financial Data

Selling price : 4 800 000 (Updated: December 2016)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees :

Profit before Depreciations & Taxes / € :

Average yield / % :

Payback period / years :

Average Occupancy / % :

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


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