Crete 5* Hotel for Sale

Class:                 5*

Rooms:              225 + 2000 sq.m. building coefficient

Price:                 € 28 mln

Price/Room:    € 124,000

TripAdvisor:      4/5 

Booking.com:   8.5 / 10

Location:           30 km from Heraklion, Crete Greece

 

Our clients are selling a 5* operating hotel located some 30 km from Heraklion on the Island of Crete, Greece.

 

The Crete hotel has 225 rooms and an unused building coefficient of 2,000 square meters.  

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Common areas and amenities include a large reception area, 3 restaurants, conference & meeting rooms, several swimming pools, gym. The hotel has its own sandy beach (licensed from the municipality).

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The hotel rooms have been renovated and are 25 sq.m. or more.

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The hotel includes a large number of suites and duplex apartments with private swimming pools and balconies.

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The hotel is operating and has a good rating from Online Travel Agents. It is currently self-managed and can be improved through better yield management and marketing. It has a loyal following.

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The season in Crete is approximately 6-7 months. Heraklion is the capital of the island (and prefecture) and the city is served daily by Aegean Airlines and a number of other flag carriers, low cost airlines and charters in the summer.

 

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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