Fabulous room hotel in Crete for sale

Fabulous 118 Room Hotel Available for Sale Freehold
This stunning Investment Opportunity comes complete with Existing Guaranteed Rental Contracts from some of the Worlds Leading Tour Operators.
Situation

The beautiful island of Crete offers an Island Paradise with stunning fauna and flora and a landscape as diverse as you could imagine which captures the hearts of everyone who visits.

Stunning beaches and Fabulous seas all add to making this a must have investment.
The hotel enjoys an elevated position close to one of Crete’s main touristic towns and the position affords not only some of the most famous sunsets in Crete but the most glorious views across the Aegean sea..

Within a 100 meters you are on one of Crete’s sandy beaches and only 15 minutes from the cosmopolitan resort, with its abundance of shops, bars, restaurants and of course the famous Greek coffee shops.

Accommodation
69 Double Rooms
32 Triple Rooms
17 Quadruple Rooms

The hotel is constructed in such a way that it is not your typical modern style hotel, the architecture combines the traditional Aegean style with a modern concept of comfort and relaxation each room gives you the feeling of being in a small private house with gardens that surround the guests with flowers and trees and terraces that offer breathtaking panoramic sea views.

Each room / bungalow offers air-conditioning, telephone, radio along with bath and showers.
Views from the hotel consist of Sea, Pool and mountain views ensuring the guests always have some different aspect to enjoy during their stay.

The Hotel Facilities Include.
Bars, Conference facilities, Pool Bar, Lobby Lounge, Large Reception area with panoramic views, Restaurant, Snack Bar, Mini Market, Large outdoor pool and sun terraces, Beach facilities, Volleyball court, Tennis court, Separate children’s pool and playground, Open theatre, Guest Internet facilities, Safe deposit Boxes.

The primary guest season encompasses the months April through to October
The hotel encompasses and enjoys a total land area of some 15,000 m2
Gross Revenues will be presented to interested buyers

The Investment Opportunity
Other than the fact that you would be purchasing one of the well known hotels in Crete, the scope for improvement in the ROI is impressive.
There is opportunity to expand the hotel / room base as there is a lot of land available on the plot for further construction without loosing the integrity of the hotel itself.
The hotel holds the only access road to an adjoining plot which could if purchased open a whole world of further investment opportunities other than just extending the hotel itself.
This land would lend itself to a development of luxurious apartments and villas which by virtue of the position it would hold would demand a premium in the market place.
The Greek government has recently announced a 2 billion Euro investment fund for further improvements within Crete’s infrastructure and to upgrade and open to International Air Traffic a third airport in Crete.

Transportation
Crete is well served from many European cities both by Charter and Schedule Airlines, attracting visitors from Russia, France, United Kingdom, Ireland, Belgium, Holland Scandinavia, Spain and many more.
Crete has one of the mildest climates within Greece making it a popular destination with the Greek nationals who traditionally fly or travel by the huge ferry lines that connect Crete to mainland Greece and the other Islands.
In 2007 Crete enjoyed over 2 million visitors to the Island a figure that is anticipated to increase year on year.

Available for Sale
Acquisition Price is calculated in Euros and will be presented to interested parties on application.

For further information
Please contact GoldAcre Estates on info@goldacre- estates.com or contact 0030 6948573583 alternatively 0034 928 53 50 44