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Hotel In A Prime Location In Kefalonia For Sale

Cephallonia
Asking Price:
€1,550,000
Sales Revenue:
€100K - €250K
Cash Flow:
€100K - €250K

32 room hotel with pool, detached villa and 4 buildable plots of land close to Argostoli

The hotel is located just 10 minutes from Argostoli and the airport on the main road to Poros and Skala, and not only comes with a pedigree for offering quality accommodation, but has massive potential for future commercial development.

The total area of 5200 sq meters is divided into six individual, useable plots and is split as follows.

1. The main building is a two star EOT licensed, 32 room fully functional hotel of 950 sq meters, with reception area, bar, breakfast room/entertaining area. There is ample parking on the 1411 sq meter plot. Construction of the hotel commenced in 1984 with the first two floors and third floor was added in 1989. Two further extensions were completed in 2000.

2. At the front of the hotel is a plot of land facing the road measuring 605 sq meters that comes with a current building permit for a single storey building measuring 170 sq meters that could be used a single commercial enterprise or divided into three separate shops.

3. The large lawned swimming pool area measuring 516 sq meters has a swimming pool measuring 17.5 X 7.5 sq meters with hydro massage, and a separate children’s pool. The surrounding gardens are well maintained and are ideal for family picnics.

4. This is a plot measuring 825 sq meters that has a three bedroom villa currently used as the hotel owners private residence. The two storey villa consists of a ground floor measuring 96.46 sq meters that has a lounge, dining room, well appointed kitchen, a double bedroom and a bathroom. The first floor measuring 50.65 sq meters has two double bedrooms and a family bathroom. The property has the benefit of central heating and air conditioning. The villa was built in 2000 and has its own independent entrance and well maintained gardens.

5. To the rear of the hotel is a plot of land measuring 805 sq meters that could be utilized to provide more accommodation with studios or gym facilities.

6. This is an adjoining plot to 5 measuring 1032 sq meters and again could be utilized to provide more accommodation or a private residence.

The location of the hotel complex is in an area of natural historical importance and faces the castle of St. George. The airport is just 10 minutes drive and the capital Argostoli is 10 minutes away. Close to the hotel is a pharmacy, mini market,restaurants and supermarkets.

This really is a golden opportunity to acquire an up and running business at a time when the island is thriving with tourism and where good quality accommodation is sometimes in short supply. The complex could be utilized for a number of businesses such as a boutique hotel, medical centre, residential home, fitness center etc. The opportunities are literally endless.

The Ionis hotel is a profitable business and financial statements are available only after a meeting here in the hotel.
The hotel and private residence are in immaculate condition, and any purchaser could move straight in and carry on the business from day one.

If interested, please contact the seller through the form on this page.

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