At a Glance: Within just a few metres of the beautiful pebbly beach, this fabulous hotel which is in immaculate condition having been renovated is located near a large city that offers all necessary and essential amenities.
Region: Ionian Sea
Prefecture / Location: click for info about Ionian Sea
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 / Business Meetings / Wedding Hotel
Built in / year: 2002
Last Renovation / year: 2017
Accommodation
Type of Accommodation: Seafront Hotel for sale / City Hotel
Hotel Facilities: Luxury restaurant for 300 people, Pool & Children’s Pool, Gymnasium, sauna and hamam, Lobby bar, Ballroom, Pool Bar, Billiards & Ping-Pong. Multi purpose rooms and halls can easily host meetings, seminars, conferences, exhibitions, presentations and other professional or private events. All meeting rooms are equipped with state of the art audiovisual infrastructure and their capacity ranges from 10 to 300 attendants.
Room Facilities:
No. of elevators: 4 elevators
Max No. of Levels (floors): 3 floors plus basement
No. of buildings: 2 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Pebbly
Number of Beds: 134 Beds (54 Units)
Total builded area in m2 : 5 257
Land size in m2 : 5 013
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: n/a
Available land attached (m2): n/a
Distance from
The beach: Beachfront hotel for sale
Airport: 14 km
Heliport: 12 km
Seaplane Terminal: n/a
Harbour: 13 km
City / Village: 4 km
Medical Center: 14 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators: from European countries
Wider area development: The hotel for sale is located near a large city that offers all necessary and essential amenities.
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 6 200 000 (Updated: June 2018)
For the investor
Revenues / € : 1 360 000
Operating Expenses / € : 800 000
No. of employees : 22
Profit before Depreciations & Taxes / € : 560 000
Average yield / % : 9
Payback period / years : 11
Average Occupancy / % : 50%
Government Financial Support: There is a free Financial Support on the investment
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