At a Glance: Nice seafront city hotel, 156-190 beds, restaurant, bar, big conference room, meeting room, relaxing massage room, 2 shops, completely renovated in 2010
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: Wedding Hotel / Business Meetings / Convention Hotel
Built in / year: 1955
Last Renovation / year: 1998, 2004, 2010
Accommodation
Type of Accommodation: Seafront Hotel for sale / City Hotel
Hotel Facilities: Restaurant 128 m2, Bar 128 m2, Conference room 450 m2, Meeting room 90 m2, Relaxing massage room, 2 Shops, 20 garage
Room Facilities:
No. of elevators: 2 elevators
Max No. of Levels (floors): 8 levels
No. of buildings: 1 Building
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Sandy
Number of Beds: min 156 - max 190 Beds (92 Rooms)
Total builded area in m2 : 5 800
Land size in m2 : 1 142
Land characterization : In urban planning
Remarks : Hotel property for sale in Greece. Hotel real estate for sale
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: n/a
Available land attached (m2): n/a
Distance from
The beach: 150 meters
Airport: 80 km
Heliport: n/a
Seaplane Terminal: n/a
Harbour: 80 km from Harbour and 10 meters from Marina
City / Village: City Hotel
Medical Center: 1 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators:
Wider area development:
Tax data
Type of Transaction: Company sale
Tax / Remarks: The transfer of shares in a Society Anonymous is taxed at 5 %.
The share transferor (Vendor) has the obligation to pay the tax. In practice however, it is usually agreed that the tax will be paid by the Purchaser. The tax that is due is paid to the INTERNAL REVENUE SERVICE (DOY). The tax must be paid, in order that the transfer of the Society Anonymous may be considered to have been completed.
The calculation of the share value is carried out by the Internal Revenue Service (DOY) and is not dependent upon the value that has been declared by the Vendor and the Purchaser in their agreement. The tax rate of 5 % is applied to the value that will be calculated by the Internal Revenue Service (DOY). In the event however, where the Vendor and the Purchaser have declared a value that is higher than that calculated by the Internal Revenue Service (DOY), they will then be taxed on this higher value.
Financial Data
Selling price € : 18 000 000 (Updated: Nov, 2016)
For the investor
Revenues / € :
Operating Expenses / € :
No. of employees : 27 employees
Profit before Depreciations & Taxes / € :
Average yield / % :
Payback period / years :
Average Occupancy / % : from 45% to 50%
Government Financial Support: There is a free Financial Support on the investment
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