At a Glance: Seafront hotel for sale in Crete. The hotel is built literally on the beach, which is organized just 5 meters away. It consists of 22 large and fully equipped studios
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: It is permitted to alter the hotel's use
Suggested Usage: Hotel use / Shopping mall /
Built in / year: 1997
Last Renovation / year: 2008
Accommodation
Type of Accommodation: Seafront Hotel for sale / On the beach
Hotel Facilities: Reception 100 m2, 2 Bars. The hotel is built literally on the beach, which is organized just 5 meters away. It consists of 22 large and fully equipped studios, with TV, kitchenette, refrigerator, air condition, safe box and balcony. There is also the possibility for easy access to some rooms, by ramp, for disabled. On the beach, there is a beach bar-restaurant.
Room Facilities:
No. of elevators: There are no 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: 43 - 73 Beds (22 Units)
Total builded area in m2 : 980
Land size in m2 : 1 000
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: This present hotel along with the hotel with the code number 1244/07 are adjacent and they are both on sale.
Available land attached (m2):
Distance from
The beach:
Airport: 20 km
Heliport:
Seaplane Terminal:
Harbour: 14 km
City / Village: 8 km
Medical Center: 1 km
Marketing Data
The hotel operates: 5 months
Agreement with Tour operators:
Wider area development:
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 2 000 000 (Updated: June 2018)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees :
Profit before Depreciations & Taxes / € :
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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