Region: Crete
Prefecture / Location: click here for information about Crete
Sale type: Sale of operating hotel
Current Status: .
Alteration of use: The alteration of the hotel's use is not permitted
Suggested Usage: Hotel use . .
Area Category: Border area
Accommodation
Type of Accommodation: Near the sea .
Hotel Facilities: Reception, lounge, restaurant, bar, snack bar, TV room, open-air amphitheater with bar, conference room for 100 people, disco, supermarket & souvenir shop, garden, parking, playground, children's mini club, 2 outdoor swimming pools, children's pool, furnished sun area, indoor pool (heated), fitness room, sauna, indoor Jacuzzi, outdoor Jacuzzi, athletics center with tennis, mini golf, fun ball - badminton, basketball, volleyball, archery, boccia, table tennis, darts and billiard.
Hotel view: Sea View
Distance from the beach: 200 meters
Other any properties between the real estate and the sea: No there are not
Beach landscape: Sandy
Number of Beds: 340
Total builded area in m2 : 5 378
Land size in m2 : 7 500
Land characterization : Outside urban planning
Remarks :
Development potential
Further permitted building area (m2): n/a
Subprojects / Remarks:
Available land attached (m2): 1 700 (40 rooms)
Distance from
Airport: 14 km
Heliport: 14 km
Harbour: 16 km
City / Village: 16 km
Medical Center: 16 km
Marketing Data
The hotel operates: 8 months
Agreement with Tour operators:
Wider area development: The location is developed with tourist resorts with long sandy beaches. The area has some traditional villages and interesting archeological sites.
Tax data
Type of Transaction: Property sale
Tax / Remarks:
Financial Data
Selling price € : 16 000 000
For the investor
Revenues of last year / € :
Operating Expenses of last year / € :
No. of employees :
Profit before Depreciations & Taxes / € : 900 000
Average yield of last year / % : 5,63
Payback period / years :
Average Occupancy of last year / % : .
Government Financial Support: State Grant up to 30% on the investment
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