Location: Sea-Facing in the Centre of Elounda, Crete, Greece
Name: TBA – 4 Star
No. of Keys: 180 including a few suites and 20 family rooms
The Property: A modern hotel, located 10 km north of Agios Nikalaos. Recently refurbished and re-opened in 2019 and looking good with a modern feel to the rooms and hotel. Swimming pool as well as beach front seawater pool. 2 restaurants and 3 bars (Lobby, Beach, Pool)
40,000 sqm of land and a further 20,000 sqm of beachfront development land included in the Guide Price. DK
Main Photo: The hotel lagoon-type sea pool
Brand/Management: The hotel is leased and managed by a major tour-operator with a 14% yield! In contract to 2022, with an option to renew.
Financials: Financials available upon signing of a NDA
Current Owner: Significant brand known nationally in Portugal
Agent: Local agent in partnership with The Hotel Property Company
Guide Price: €42m
Guide Price per Key: Just over €230k
Date Posted: January 2020
THPT Comment: This is a unique opportunity to acquire an beach-front good-size hotel, with a great yield and expansion opportunities.
Contact us for further information
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.