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Profitable Luxury Hotel Business In Greece For Sale

Andros, Cyclades, Greece
Asking Price:
€850,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€250K - €500K
Cash Flow:
€100K - €250K

Unique Opportunity! Full investment return in less than 3 years! Guaranteed turnover from the current 2024 season.

• Ready and Fully Operational: Famous tourist unit with "Luxury Suites" is available, fully functional, and equipped, generating significant revenue from day one. The unit operates seamlessly with trained, stable staff each season.
• No repairs, renovations, or additional investments are needed. A reconstruction and equipment renovation worth over €300,000 was completed in 2018. Annual internal and external maintenance, including general repainting, ensures the property looks brand new!

Exceptional Features:

• A 500 square meter swimming pool/water architectural element featuring two ancient olive trees with swings hanging from their branches. A massage bed is placed in the water, providing treatments under the shade of these ancient trees.
• An outdoor communal Smart Firepit lounge designed in Cycladic architecture, with a remote-controlled fire for Wine, Cocktails & Shisha Evenings & Nights.

The Most Famous Unit in Andros Island :

• Significant advertising investment since 2018 amounting to €73,000 has resulted in 90,000,000 views on Facebook, Instagram, and LinkedIn, and 78,000,000 views on Google Ads, with over 509,000 visits to our site directly from Google.
Recognized as "Best Luxury Hotel in Andros," "Best Romantic Gateway in Andros," and "Best Wellbeing Hotel in Andros" by reputable travel guides, and featured in an online tribute by "Eikones" with Tasos Dousis. The guest rating is 9.9 out of 10. Our property profile is present on Facebook, Instagram, LinkedIn, and Google Business, and is published and connected with over 50 booking engines worldwide, linked with 701 travel agents globally!
• On the same route as Mykonos (Andros-Tinos-Mykonos), 40% of our bookings come from quality travelers already in Mykonos, who visit Andros specifically to experience our renowned accommodations.

Property Details:

• A 4,000 square meter complex with 250 square meters of main buildings and 50 square meters of auxiliary buildings, consisting of five quadruple "Luxury Suites," each with an area of 50 square meters. The complex is just 500 meters from the sea. The suites are two-room units comprising a bedroom with a King-size bed, a living room with two built-in Cycladic architecture sofas of adult bed size, an open-plan living room with a fully equipped kitchen (Samsung appliances, Nespresso machine, Samsung Curved Smart TV with Netflix, Disney+, Prime Video subscriptions, satellite TV with over 200 channels, Luxury Versace tableware), Haier high-end Smart air conditioners, a luxury bathroom with wooden fittings, hall, safe, IP phone, wardrobes, and decorator-curated décor. Interior and exterior floors and bathroom walls are made of polished cement, with handmade architectural lighting fixtures.

Each "Luxury Suites" include:

• Private 25 square meter Jacuzzi Stage with handmade custom floating trays for serving "Versace Breakfast."
• Private terrace with custom-made architecturally unique table.
• Smart solar hot water systems.
• Smart Home devices via Google Home, with automation and voice commands for managing lights, air conditioning, and Smart TV.
• Special fridge for wines and champagnes.
• 200Mbps Starlink satellite internet (Elon Musk).
• Fully equipped reception with Smart Cloud phone system managing incoming calls to ensure no bookings are missed.
• Coco-mat linens (sheets, pillows, throws) and Molton Brown amenities.
Fully equipped kitchen and recipes for "Fine Dining Versace Breakfast."
• Lush 4,000 square meter garden in excellent condition, featuring lawn, beautiful flowers, fruit trees (fig, apricot, pomegranate, pear, lemon), and a private vegetable garden for breakfast ingredients. Daily garden maintenance by a professional gardener.

Generic features:

• Autonomous private well with pre-filter and high-quality water.
• Autonomous sewage system requiring no maintenance.

Extra Services:

Collaboration with a Helicopter VIP transportation company for guest transfers to the accommodation by private helicopters.

The Business and the Brand Name are for Sale for only €850,000, with a 15-year rental contract at a symbolic, meager rent of just €1,500 per month, with no additional charges! The contract can be renewed if desired.

Property Information

Real Estate:

Lease

Lease Terms:

A robust lease agreement that provides stability and favorable terms for the lessee. The lease period extends until 2038, offering a long-term commitment between the lessor and lessee. The monthly rent amount is set at a symbolic rate of €1500 per month.

Leasehold Rent:

€18,000 per annum

Living Accommodation:

There are no specific living accommodations for the owner or staff within the hotel complex itself. However, the island offers various housing options nearby for management and staff.

Location:

The "Luxury Suites" is located on the picturesque Andros Island, Greece. Situated just 500 meters from the sea, the hotel enjoys a prime location that attracts tourists seeking serene and luxurious accommodations. The island is renowned for its natural beauty, cultural heritage, and proximity to popular tourist destinations such as Mykonos, making it a desirable location for high-end travelers.

Premises Details:

The luxury hotel is set within a 4,000 square meter complex that includes:
- Main Buildings: 250 square meters of beautifully designed and well-maintained structures.
- Auxiliary Buildings: 50 square meters for additional support facilities.
- Suites: Five quadruple "Luxury Suites," each 50 square meters, with high-end furnishings and modern amenities.
- Private Jacuzzi Stages: Each suite features a private 25 square meter Jacuzzi stage.
- Garden: A lush garden with ancient olive trees, fruit trees, and a private vegetable garden.
- Swimming Pool: A 500 square meter pool with massage beds and swings.
- Outdoor Lounge: A Cycladic architecture Smart Firepit lounge.

Size in square feet:
43,056
Planning Consent:

The property has all necessary planning consents and licenses for its current use as a luxury hotel. A reconstruction and equipment renovation worth over €300,000 was completed in 2018, comply with local regulations and standards, ensuring that the property is fully compliant with all relevant planning and building regulations.

Business Operation

Expansion Potential:

There is significant potential for expansion. Opportunities include:
• Adding more luxury suites or facilities to accommodate more guests.
• Introducing new services such as exclusive spa treatments and personalized experiences.
• Enhancing marketing efforts to attract a broader audience and increase occupancy rates.

Competition / Market:

The hotel stands out in Andros Island as the best luxury hotel, romantic getaway, and wellbeing hotel. Despite competition from other luxury accommodations in the region, This business has established a strong reputation and brand presence, supported by significant advertising investments and high guest ratings.

Reasons for selling:

The owner is selling the Luxury Suits to pursue new business opportunities and ventures. After successfully running and establishing this luxury hotel as a premier destination on Andros Island, the owner is ready to pass on the torch to someone who can continue to uphold its high standards and potentially expand its success further.

Trading hours:

This business operates seasonally from June to October, taking advantage of the peak tourist season on Andros Island. During this period, the hotel welcomes guests daily, providing 24/7 service to ensure a seamless and luxurious experience.

Employees:
4
Years established:
2018

Other Information

Support & training:

To ensure a smooth transition for the new owners, we offer comprehensive support and training. This includes:

• Initial Training Program: A detailed training program covering all aspects of the business, including operations, guest services, and administrative procedures.
• Staff Transition: Introduction to the current trained and stable staff, who have a deep understanding of the hotel's operations and guest expectations.
• Operational Manuals: Provision of detailed operational manuals and procedures to help new owners maintain the high standards of service and efficiency.
• Ongoing Support: Continued support for an agreed period post-sale, including assistance with any questions or challenges that may arise.
• Marketing and Brand Guidance: Guidance on marketing strategies and maintaining the established brand presence to ensure continued success and growth.

Furniture / Fixtures value:
€270,000 - included in the asking price
Inventory / Stock value:
€30,000 - included in the asking price
Website:
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