Location: Georgioupolis, Chania, Crete – 55km from Chania International Airport, 15km from Rethymno, Greece
Guide Price: €35m
No. of Keys: 210+ plus 10 staff rooms
The Opportunity: This resort hotel, right on the beach, producing a 5% yield, with a well-established client-base, in this unspoilt part of Crete, with the Cretan/Mediterranean Sea on one side and the White Mountains (Lefka Ori) on the other.
The hotel has a restaurant, lobby bar, pool bar, fitness centre, tennis and basketball. The building is 15,000 sqm and the land plot 18,300 sqm. There is scope to expand in that there is an adjacent plot of land. HM
Main Picture: The pool and beach area of this hotel
Current Owners: Private family
Flag and Management: Both free to new owner
Financials: Available on signing of NDA
Agent: Local agent in partnership with THPT
Guide Price: €35m
Guide Price per Key: €164,320
Date Posted: February 2021
THPT Comment: Fab opportunity to secure this good size resort hotel with direct beach access, with some decent numbers in 2019. Great price. Currently open April to October and operates on an all-inclusive basis.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.