Magic 4 star hotel in Greece – Proven business opportunity

Greece
For Sale
€5million

Property Details


The hotel is situated between mountains and on the sea, surrounded by olive trees and only a two-minute walk from the picturesque village of Psathopyrgos. Conveniently located a short drive from our local airport Araxos, 15 Km from Patras and 200 Km from Athens.

The hotel is built on a ground of 12,000 Sq. m; it has two buildings. The main building has 3,500 Sq. m, 84 en-suite bedrooms, a 65 Sq. m penthouse, two dinning rooms/ conference rooms, kitchen, hotel bar, office, playroom, games room, reception/ sitting room, spa, gym area, launderette room, and storage rooms. The second building is a 300 Sq. m villa used by the hotel owner as his residence; on the first floor it has a large terrace, three bedrooms, bathroom, office, storage room, launderette room, modern open plan kitchen, dining room and sitting room. The ground floor houses five rooms, each one of them with a private bathroom and separate entrance.

The hotel is surrounded by gardens, with parking space for over 40 cars, and for three large coaches. Facilities also include: pool and beach bar, terrace, voile-ball court, tennis court, a large swimming pool, a jetty for small boats and mooring facilities for larger yachts.

The hotel is very well maintained and was fully renovated in 2008 with a cost of over EUR 3,000,000.

  • THE HOTEL FOR MANY YEARS HAD A GROSS RENEVUE OF APPROX. EUR 1,000,000
  • PROFITS IN THE REGION OF EUR 350,000 TO 400,000 (EXC. VAT)
  • THE LAST TWO YEARS SHOW A GROSS REVENUE OF EUR 500,000, WITH CLEAR PROFITS OF EUR 200,000
  • IN 2017 WE ARE EXPECTING NEARLY FULL CAPACITY, PROVIDING A GROSS RENEVUE OF OVER EUR 750,000
  • THE HOTEL HAS GUARANTEED CONTRACTS IN PLACE WITH WELL STABLISHED TRAVEL AGENTS AND TRAVEL SITES LIKE BOOKING.COM

LOCATION AND WHY BUY

  • LOCATION
  • BEACH HOLIDAYS
  • WELLNESS & BEAUTY
  • CULTURAL & RELIGIOUS TOURS
  • SPORT TURISIM
  • BUSINESS TRAVEL
  • CONFERENCES
  • WEDDINGS
  • SPECIAL EVENTS

Interested


Please get in touch for further information and an initial discussion.

sales@openmarketsservices.com

02035654700