Industry Overview
The Hotel Industry in Cyprus is flourishing due to the low impact of Covid 19. Small hotels are doing very well because of low administration and other expenses. The easy access to all amenities, low taxes and one of the safest countries in the world.
Location
Larnaca, Cyprus (20km of Sandy Beaches).
Business Description
This is a 48 rooms hotel is unique for its operation. Now it's temporarily out of operation due to renovations. The business it’s one of the best in Cyprus due to its location. 24-hour reception, hotel is a stylish and attractive holiday resort, offering high quality of accommodation. Easy access to Larnaca International Airport and to other towns in Larnaca.
Financial Summary
The business is sold on the basis. No debts-No Credits. The owner company will be transferred to the new company of Investors within 72 hours.
Investment Rationale
Investment Capital is very low comparing with profitability.
3-5% growth annually for the first five years.
Customer Overview
One of the best locations suits Business people and families.
Transaction Information
Existing Owners are ready to help Investors-Buyers to settle giving all possible required assistance.
To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.
