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Three Star Superior Bungalow Style Hotel For Sale

Cyprus
Asking Price:
€45,000,000
Sales Revenue:
€3,500,000
Cash Flow:
Available on request

3-Star Superior Bungalow Style Hotel for Sale off-market staying on the 10,000 meters sq of land which included in the sale!
90 meters (or 2 minutes walk) from the gorgeous and most popular beach and 5 minutes from the city center.
Self-managed with 11% individuals and 89% from Tour Operators. Built in 1983, expanded, and renovated in 2013.
Over 180 rooms including suites and family rooms.

Facilities:
- Health Club (Jacuzzi, Steam Bath, Massage Room)
- State of the art Gym
- On-site parking
- Outdoor Playground
- Indoor and Outdoor Pools

Staff: around 60 employees.
- Very experienced/professional top-management, middle management, and non-managerial employees_

A feasibility study was undertaken: If they develop underground parking then there is a potential for another 40 rooms to be build as well as a 2nd outdoor swimming pool.
Bungalows also could be demolished and new high-rise building could be built as there is plenty of rooms for it.

Additional Information: 6 acres/scales of Sea-Front-Land which is for sale is located next to the Hotel. It belongs to someone else that he is willing to sell it.

Due to the nature of our business in the field of Luxury Hotels, we have a big number of Hotels available for sale around the world, especially in Cyprus and Greece. Let us know your choice and if you have all the necessary documents (LOI, POF), we will be happy to help

Financial info and projective profit plan are available. However, please make sure you send us your LOI with a copy of the Buyer's passport +NDA in order to receive any of the mentioned documents. Alternatively, you may sign the "Introducer agreement" and we will find a Hotel suitable for your needs not just in Cyprus but all over Europe. We don't want to waste our time as well as yours. Serious investors/buyers only, please!


Interested? Get in touch today by email

Property Information

Real Estate:

Real Property Included

Location:

Cyprus

Contact MACS Marketing

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