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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1237/01 Back to Search results

At a Glance: The hotel is located in central Athens, near the Greek Parliament, with views of the Acropolis, 173 beds (91 units), Indoor Restaurant, bar, 3 Conference rooms

Region: Attica Athens

Prefecture / Location: click here for info about Athens

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 / /

Built in / year: 1980

Last Renovation / year: 2017


Accommodation

Type of Accommodation: City Hotel / Business Hotel

Hotel Facilities: 1 Indoor Restaurant, 1 bar, 3 Conference rooms

Room Facilities:

No. of elevators: 5 elevators

Max No. of Levels (floors): 7 floors plus basement

No. of buildings: 1 Building

Hotel view: Panoramic view

Between the hotel and the beach:

Beach landscape:

Number of Beds: 173 Beds (91 Units)


Total builded area in m2 : 4 211

Land size in m2 : 586

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2): The hotel is located in central Athens, near the Greek Parliament. It is adjacent to the hotel (under construction) with code nr 1237/02 and belongs to the same SA company. Both hotels together are sold for 37 000 000 Euros. The two hotels can be joined and become one with a total of 271 beds (140 Units). Both hotels offer views of the Acropolis.

Subprojects / Remarks:

Available land attached (m2):

Distance from

The beach:

Airport: 20 Km

Heliport: 20 Km

Seaplane Terminal:

Harbour: 8 km

City / Village:

Medical Center: 5 minute4s

Marketing Data

The hotel operates: 12 months

Agreement with Tour operators:

Wider area development: Syntagma Square is the heart of modern Athens. Also known as Constitution Square, it is a huge public plaza stretching out in front of the Greek Parliament Building. The scene for many celebrations, the square has recently been refurbished as part of the development of the Athens metro system.

Tax data

Type of Transaction: Company sale or Property sale

Tax / Remarks:

Financial Data

Selling price € : 37 000 000 Euros. (The present hotel with code no. 1237/01 It is adjacent to the hotel with code no. 1237/02 and belongs to the same SA company. Both hotels together are sold for 37 000 000 Euros. The two hotels can be joined and become one with a total of 271 beds - 140 Units.). The selling price is not negotiable and includes the completion of the hotel 1237/02.(Updated: June, 2018)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees :

Profit before Depreciations & Taxes / € :

Average yield / % :

Payback period / years :

Average Occupancy / % : .

Government Financial Support: There is a free Financial Support on the investment


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