At a Glance: Selected beachfront Hotel in Greece, 300 beds, 2 Swimming pools, big garden. The facade of the hotel to the sea is 170 meters long (3 beaches)
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 / Resort / Spa Hotel
Built in / year: 1999 - 2000
Last Renovation / year: 2011 - 2013
Accommodation
Type of Accommodation: Seafront Hotel for sale / On the beach
Hotel Facilities: 2 Reception area, 2 Bars, Fitness center, Kid's club, Indoor Restaurant, Outdoor Taverna, Indoor Taverna, Pool bar, 2 Swimming pools, Spa, Club
Room Facilities:
No. of elevators: 1 elevator
Max No. of Levels (floors): 3 levels
No. of buildings: 11 Buildings
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: min 219 - max 303 beds (60 rooms +28 apartments)
Total builded area in m2 : 5 038
Land size in m2 : 19 242
Land characterization : Outside urban planning
Remarks : The façade of the property to the sea is 170 meters long (3 beaches)
Development potential
Further permitted building area (m2): 1 600 m2 (+ approximately 120 beds)
Subprojects / Remarks:
Available land attached (m2): n/a
Distance from
The beach: Beachfront
Airport: 35 km
Heliport:
Seaplane Terminal:
Harbour: 33 km
City / Village: 35 km
Medical Center: 8 km
Marketing Data
The hotel operates: 7 months
Agreement with Tour operators: from United Kingdom, Germany, Russia, Hungary, Czech
Wider area development: The island combines the charm of authentic Ionian architecture with a lifestyle. The island’s trendy restaurants and bars, luxury 5 * hotels, fantastic sea and beaches attract the world’s rich and famous.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 10 650 000 (Updated: May, 2017)
For the investor
Revenues / € : 1 600 000
Operating Expenses / € : 655 000
No. of employees : 30 Emloyees
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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