Region: Peloponnese
Prefecture / Location: click for info about East Peloponnese
Sale type: Sale of hotel under construction
Current Status: 5* hotel under construction
Alteration of use: .
Suggested Usage: Sanatorium / Elderly center .
Area Category: Not a border area
Accommodation
Type of Accommodation: On a mountain / Near the sea
Hotel Facilities:
Hotel view: Sea & Mountain View
Distance from the beach:
Other any properties between the real estate and the sea: Yes there are
Beach landscape: Sandy & Pebbly
Number of Beds: 77
Total builded area in m2 : 5 050
Land size in m2 : 52 000
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks: SPA, Heliport, tennis court, Restaurant, Swimming pool, conference room for 1 000 people. The total cost for the hotel building completion is 4 600 000 €. 1 500 000 € has been invested so far. The feasibility study of the project for the next 5 years, is an annual occupancy of 35% with annual yield 30% and net profit per year of 800 000 €.
Available land attached (m2): 20 000 m2
Distance from
Airport: 100 km
Heliport: There is a heliport on the hotel premises
Harbour: 14 km
City / Village: 1 km
Medical Center: 10 km
Marketing Data
The hotel operates: 12 months
Agreement with Tour operators:
Wider area development: archaeological sites, casino, beaches, taverns
Tax data
Type of Transaction: Company sale
Tax / Remarks:
Financial Data
Selling price € : 1 740 000
For the investor
Revenues of last year / € : 500 000
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € :
Average yield of last year / % :
Payback period / years :
Average Occupancy of last year / % : .
Government Financial Support: State Grant up to 40% on the investment
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