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Reference: MACS005

ID: MV0082

3 Star Hotel In Cyprus - reduced from 44m Euros to 24m Euros for Quick Sale

Cyprus

A rare opportunity to buy a 3 star Bungalow style Hotel with over 180 rooms, 41 of which have been recently renovated. Distressed Hotel Opportunity - Deposit must be paid before 31st July 2021

Reference: MACS005

ID: MV0082

Register Interest

Location

Located 90m meters from the beach, a few minutes walk away from the centre of Ayia Napa.

Business Description

No of Rooms - 181 in total - 142 Twin Rooms (21m2, 34 Family Rooms (24m2) and 3 Junior Suites (40m2)

  • Health Club (Jacuzzi, Steam Bath, Massage Room)
  • State of the art Gym
  • On-site parking
  • Outdoor Playground

Financial Summary

All documents (including revenues, profits etc.) will be provided by the owners upon receiving signed LOI with passport copy, NDA agreement, Proof of Funds covering the initial amount + SOF from the interested party.

Investment Rationale

A feasibility study was undertaken: If underground parking is developed, then there is a potential for another 40 rooms to be build as well as a 2nd outdoor swimming pool.

Transaction Information

Reduced from 44m Euros to 24m Euros for quick sale.

Team

  • Very experienced/professional top-management, middle management and non-managerial employees.
  • Management status: Self-managed with 11% individuals and 89% from Tour Operators.
  • Staff: around 60 employees.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.

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