At a Glance: Lovely seaside hotel for sale in Crete, near the sea, 100 meters distance from the beach. The location is developed with tourist resorts with long sandy beaches
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: The alteration of the hotel's use is not permitted
Suggested Usage: Hotel use / /
Built in / year: 1993 -1998
Last Renovation / year: 2014
Accommodation
Type of Accommodation: Near the sea /
Hotel Facilities: Reception, lounge, restaurant, bar, snack bar, TV room, open-air amphitheater with bar, conference room for 100 people, disco, supermarket & souvenir shop, garden, parking, playground, children's mini club, 2 outdoor swimming pools, children's pool, furnished sun area, indoor pool (heated), fitness room, sauna, indoor Jacuzzi, outdoor Jacuzzi, athletics center with tennis, mini golf, fun ball - badminton, basketball, volleyball, archery, boccia, table tennis, darts and billiard.
Room Facilities: .
No. of elevators: 4 elevators
Max No. of Levels (floors): 2 levels
No. of buildings:
Hotel view: Sea View
Between the hotel and the beach: There is a property
Beach landscape: Sandy
Number of Beds: 340
Total builded area in m2 : 5 378
Land size in m2 : 12 500
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): 1 700 (40 rooms)
Distance from
The beach: 100 meters
Airport: 14 km
Heliport: 14 km
Seaplane Terminal:
Harbour: 16 km
City / Village: 16 km
Medical Center: 16 km
Marketing Data
The hotel operates: 8 months
Agreement with Tour operators:
Wider area development: The location is developed with tourist resorts with long sandy beaches. The area has some traditional villages and interesting archeological sites.
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 16 200 000 (Updated: June, 2018)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € : 900 000
Average yield / % : 5.45
Payback period / years :
Average Occupancy / % : .
Government Financial Support: There is a free Financial Support on the investment
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