4* Hotel in Glyfada Athens  for Sale

Class:                 4*

Rooms:              128 rooms + 6 suites

Price:                 € 15.5 mln

Price/Room:    € 115,362

TripAdvisor:      3.5/5 

Booking.com:  

Location:          Glyfada Athens

 

Our clients are selling a 4* hotel located in Glyfada, about 15 km from the centre of Athens, Greece.

 

The hotel has 128 rooms, including classic rooms, premium rooms and 6 suites.

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Common areas and amenities include a restaurant and a bar as well as an outdoor pool. The hotel is equipped to accommodate conferences and seminars. The property has 4 conferences and seminar halls.

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This hotel has excellent turn-around potential given:
 

a. Its location. The hotel is near both Glyfada as well as the re-developing former airport of Athens (Hellenikon). Prices in the area will rise steadily over the next 5 years.

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b. The hotel is located relatively close to the beach in an area without many beachfront hotels.

c. The hotel has good conference and event facilities which can be used as the basis for a turn-around.

This hotel is rated a strong buying opportunity in the 4* category but it does need renovation to merit this classification.

 

This is an off-market transaction. We ask that any interested buyers are

 

• Direct contacts; and

• Have a proof of funds, or a professional identity commensurate with the project.

 

Please note that we cannot support brokers except in exceptional circumstances where there is a clear buyer and professional reputation in view.

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Please Contact Us for further information on hotel sales in Greece.

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