76 bedroom Hotel For Sale

€8,000,000 Offers in region of

Paphos, Paphos

Location on the map is not accurate.
ID: 4610

Key Facts

  • 76 Beds
  • 5,000 m² Covered Area
  • 2,432 m² Land Size
  • Year Built: 2000
  • Title Deed: Available
Five storey building, 3-star rating hotel comprising 14No. shops and 76No. hotel rooms including 1 No. guest suite, with their corresponding facilities as required by CTO for a 3-star hotel. The hotel has been recently renovated. Thirty nine rooms offer sea views.

The rooms are situated on the 1st, 2nd and 3rd floor. Each room is equipped with direct-dial telephone system, satellite dish/T.V., hair dryer, radio, safe and private bathroom. Thirty nine rooms offer sea views. The hotel is fully equipped with a fully computerized modern reservation and accounting system, with separate offices for the management, secretary, beverage and accounts department, situated in the mezzanine. In the basement there is fully equipped kitchen, restaurant, breakfast/ coffee shop/ pool bar, multi-purpose conference room, staff dining room, laundry room, electrical room, mechanical room, chief engineer office, delivery area and stores. The basement area has the facility of service lift and staff ablutions. In the semi-basement there is a Health and beauty center, which accommodates, sauna, fully equipped gymnasium, and ablutions. On the ground floor the hotel consists of extensive lounge/lobby, reception, sitting area, cafeteria/ restaurant, luggage room, bar and front office manager. Rooms and corridors are luxuriously carpeted. The structure of the hotel is of reinforced concrete and flat roof. External facilities include, large overflow swimming pool, a children’s pool and car park. The outdoor areas provide a sensational and exotic environment. Along the frontage of the building abutting on to the main road there are 14No. retail units. When all the retail units are rented the total annual income can be €75,000 which is considered reasonable and feasible, under the current economic situation.

**Please note that Planning permission [No. 5925] has been obtained for 23No. studios and 1 Bedroom suites on two additional floors!
**Further more another Planning permission [No. 5926] has been obtained for an extra additional floor consisting of cafeteria, roof garden/ multi purpose room.


Operating very profitably & successfully for over 15 years

Indoor Features

  • Air Conditioning
  • Covered Parking
  • Fitted Kitchen
  • Guest Toilet
  • Utility Room
  • Water Heater

Outdoor Features

  • Barbecue area
  • Solar System

Property Views

  • City view
  • Green area view
  • Sea view

Transfer Fees

€0
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This property is advertised by Zyprus Property Group licensed estate agency with CREA Reg No. 742 and CREA Lic No. 378/E