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Hotel for Sale in Greece - Full Description
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Hotel Ref.: 1243/18 Back to Search results

At a Glance: Charming Seafront hotel on the beach with 172 beds, Indoor swimming pool with water drills, Healing Baths private, roof garden which overlooks the sea

Region: East Sterea

Prefecture / Location:

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 / Elderly center / Sanatorium

Built in / year: 1935

Last Renovation / year: 2003


Accommodation

Type of Accommodation: Seafront Hotel for sale / Near a Town

Hotel Facilities: Restaurant, Indoor swimming pool with water drills, Healing Baths private, Spa therapies and Physiotherapy, Breakfast Lounge, Conference Hall - Recreation room, Sea-view cafeteria, Roof Garden which overlooks the bay, Parking a lot

Room Facilities:

No. of elevators: 2 elevators

Max No. of Levels (floors):

No. of buildings:

Hotel view: Sea View

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

Beach landscape: Sandy

Number of Beds: 172 Beds (75 Units)


Total builded area in m2 : 4 000

Land size in m2 : 4 000

Land characterization : In urban planning

Remarks :

Development potential

Further permitted building area (m2):

Subprojects / Remarks:

Available land attached (m2): n/a

Distance from

The beach: Beachfront hotel for sale

Airport:

Heliport:

Seaplane Terminal:

Harbour: 60 km

City / Village:

Medical Center: 20 km

Marketing Data

The hotel operates: 7 months

Agreement with Tour operators: Hotel guests are Greek and Russian.

Wider area development: The location is famed, especially for its beautiful nature. Its fame is primarily due to its healing waters, which gush out at various points in the sea or close to beaches. Today it is a major tourist attraction for spa tourism. This hotel is a local jewel and has hosted celebrities such as Onassis, Maria Callas,, Omar Sharif, Eleftherios Venizelos etc.

Tax data

Type of Transaction: Company sale

Tax / Remarks:

Financial Data

Selling price € : 9 500 000 (Updated: Nov, 2016)

For the investor

Revenues / € :

Operating Expenses / € :

No. of employees : 12 employees X 5 months & 2 employee X 12 months

Profit before Depreciations & Taxes / € :

Average yield / % :

Payback period / years :

Average Occupancy / % : from 80% to 85%

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


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