Overview

Location 70 meters (or 1-minute’ walk) from the beach and 12 minutes walk from the center of Ayia Napa.Management statusSelf-managed with 20% individuals and 80% from Tour Operators. They sell higher prices from 5-star hotels like Grecians Hotels
Officially is 4-star hotel but the Tour operators in Europe sell it as 5-star hotel with all 5* facilities.
– It is 4th in Trip Advisor, among all hotels in Ayia Napa. – For the last 5 years are winners of the Gold Award from Holiday Check (Germany).
Staff: around 90 employees. – Very experienced/professional top- management, middle management and non-managerial employees.
A feasibility study was undertaken: If they develop an underground parking then there is a potential for another 35 rooms to be build.
Indicative selling price (SP) for the hotel:
Circa €38,500,000 million
All documents (including revenues, profits etc.) will be provided by the owners upon Proof
of Funds (Letter of Intent) Document from the interested party.
Additional Information:
5,5 acres/skales of Sea-Front-Land including a restaurant that is in operation for sale is in
front of the Prestigious Hotel. It belongs to someone else that he is selling it. Indicative selling price (SP) Circa €14,000,000 million
– New Project Development:
There is a ready plan and feasibility study to build/develop a 5-star 100 sea-view rooms, spa facilities, roof garden restaurants in this sea-front land. Architectural plans are available upon request.
The estimated development of this project is circa €16,000,000 million
Note*: The above property it is not in the market for sale and it is on exclusive promotion agreement only from our company. Finder fee of €3,000,000 million will be charged on the top of asking price.
New Management team is available if the New owner requires.

More info+ All documents (including revenues, profits etc.) will be provided by the owners upon sign NDA agreement, Proof of Funds covering the initial amount+Letter of Intent Document from the interested party. Please find both documents attached

Details

# of Floors
4
# of Buildings
1
Features
  • Interior Corridor
  • Exterior Corridor
  • Mixed Corridor
  • Breakfast Room
  • Restaurant
  • Lounge/Bar
  • Business Center
  • Indoor Pool
  • Indoor Hot Tub
  • Outdoor Pool
  • Outdoor Hot Tub
  • Fitness Center
  • Elevator
  • Guest Laundry
  • Meeting Space
  • Living Quarters

Financial

Posted By
Broker / Agent
Affiliation
Franchise
# of Units
150
Occupancy %
95%