At a Glance:
Region: Macedonia
Prefecture / Location: Thessaloniki
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: Hotel use / Business Meetings / Art Events
Built in / year: 1964
Last Renovation / year: 1980, 1996, 2007
Accommodation
Type of Accommodation: City Hotel / Boutique Hotel
Hotel Facilities: Elegant restaurant 159 m2 and a Bar 31 m2. A well-equipped business centre, as well as conference and banquet rooms.
Room Facilities:
No. of elevators: 3 elevators
Max No. of Levels (floors): 9 levels
No. of buildings: 1 Building
Hotel view: City View
Between the hotel and the beach: There are other properties
Beach landscape:
Number of Beds: 180 Beds
Total builded area in m2 : 3900
Land size in m2 : 4000
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): 1250 m2
Distance from
The beach: 25 km
Airport: 17 km
Heliport: 17 km
Seaplane Terminal:
Harbour: 1 km
City / Village:
Medical Center: 1.5 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators: from Russia, Turkey, Cyprus, Bulgaria, Serbia, Romania
Wider area development:
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : Price Upon Request
For the investor
Revenues / € : 1 555 000
Operating Expenses / € :
No. of employees : 28 employees X 14 months
Profit before Depreciations & Taxes / € : 250 000
Average yield / % :
Payback period / years :
Average Occupancy / % : from 75% to 80%
Government Financial Support: There is a free Financial Support on the investment
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