Region: Macedonia
Prefecture / Location: click for info about Chalkidiki
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: Not a border area
Accommodation
Type of Accommodation: Near the sea .
Hotel Facilities: Swimming pool, 2 Restaurants (400 persons), Conference room (60 persons), Fitness centre, 2 Bars, Shop (60 m2).
Hotel view: Sea View
Distance from the beach: 150 meters
Other any properties between the real estate and the sea: Yes there are
Beach landscape: Sandy
Number of Beds: 170
Total builded area in m2 : 4 000
Land size in m2 : 2.500
Land characterization : In urban planning
Remarks : .
Development potential
Further permitted building area (m2): 600 m2
Subprojects / Remarks: Spa of 300 m2
Available land attached (m2): 800
Distance from
Airport: 90 km
Heliport:
Harbour: 100 km
City / Village:
Medical Center: 10 km
Marketing Data
The hotel operates: 9 months
Agreement with Tour operators: Romanian tour operator. The agreement concerns 55 rooms for 4 years. Incomes 1 700 000 Euros
Wider area development: The location is one of the best holiday spots in Halkidiki Greece, due to its exciting nightlife, lush fauna and a splendid, organized beach. It is located in the middle of the eastern side of the Kassandra Peninsula and offers a stunning view of the sea and the western side of Sithonia.
The village is among the quaintest Kassandra villages, full of small parks, charming squares and tall pine trees. The beach is absolutely beautiful, with fine sands, blue waters, trees that offer shade and a variety of water sports facilities. The village provides its guests comfortable and carefree accommodation in high-quality hotels, as well as many restaurants, beach bars and clubs that cater to all types of visitors.
Tax data
Type of Transaction: Company sale or Property sale
Tax / Remarks:
Financial Data
Selling price € : 4 180 000
For the investor
Revenues of last year / € : 1 000 000
Operating Expenses of last year / € : 400 000
No. of employees : 3 employees X 14 months / 8 employees X 6 months / 2 employees X 8 months
Profit before Depreciations & Taxes / € : 600 000
Average yield of last year / % : 14,35
Payback period / years : 6,9
Average Occupancy of last year / % : from 85% to 90%
Government Financial Support: State Grant up to 50% on the investment
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