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Reference: Hotel_01

ID: MV0372

70+ Room Hotel For Sale On The West Coast of Cyprus

Cyprus

Hotel currently operates as a 70+ Room 3-Star hotel with additional rental income derived from more than a dozen retail shops within the facility. Planning Permission Approved for 50-Room Expansion.

Reference: Hotel_01

ID: MV0372

Register Interest
Profitability:
50%

Location

West Coast of Cyprus with panoramic views of the Sea and local scenery.

Business Description

Each room is furnished to the highest possible standards with full air-conditioning and central heating for the winter months, en-suite bathroom, shaving sockets, hair dryers, room safes, LED flat screen TV with many English satellite channels, direct dial telephone and a private balcony offering incredible sea or town views.

Financial Summary

Over the last 3 years the hotel has a general operating profit of 50% (before owners administration and finance expenses)

Investment Rationale

Planning permission and government permits secured for up to a 50 room expansion and upgrade from a 3 to 4-Star hotel. Huge potential and growth opportunities.
Artist impression of expanded hotel (below):

Transaction Information

CEO willing to stay on and assist with smooth transaction / assist with expansion.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.