At a Glance: Beachfront Boutique hotel 45 Units - 93 beds.Lobby area,1 Bar,1 Restaurant, 1 Pool bar, Outdoor Swimming pool.
Region: Ionian Sea
Prefecture / Location:
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 / Wedding Hotel / Business Meetings
Built in / year: 1991
Last Renovation / year: 2018
Accommodation
Type of Accommodation: Beachfront Hotel for sale / On the beach
Hotel Facilities: Lobby area,1 Bar-Restaurant 150 m2 for 150 people, 1 Pool bar, Outdoor Swimming pool 96 m2.
Room Facilities:
No. of elevators: 1 elevator
Max No. of Levels (floors): 4 levels
No. of buildings: 1 Building
Hotel view: Sea View
Between the hotel and the beach: There are not any properties
Beach landscape: Pebbly
Number of Beds: 93 beds (45 Units from 16 m2 to 35 m2)
Total builded area in m2 : 2 220
Land size in m2 : 3 276
Land characterization : In urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): n/a
Distance from
The beach: Beachfront
Airport: 20 km
Heliport: 20 km
Seaplane Terminal:
Harbour: 12 km
City / Village: 14 km from a big City
Medical Center: 6 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators: from European countries
Wider area development: Myths and legend lie around every corner of the mountainous landscape, which is dotted with colourful villages and fragranced by olive and citrus trees, herbs and flowers. An abundance of sandy beaches, cultural and historical experiences and warm Greek hospitality makes the region the ideal destination for family holidays. There are many places worth your visit, spread in a short distance in the area surrounding the Resort: Beautiful landscapes and unique ancient monuments.
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 3 300 000 (Updated: June 2018)
For the investor
Revenues / € : 800 000
Operating Expenses / € : 320 000
No. of employees : 14 employees X 12 months
Profit before Depreciations & Taxes / € : 480 000
Average yield / % : 15.5
Payback period / years : 6.8
Average Occupancy / % : 60%
Government Financial Support: There is a free Financial Support on the investment
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