Water Park & Sea Front Holiday Village for Sale (Cyprus)

  • Reference: BFS-CYP-043 
  • Sector: HORECA/Leisure 
  • Region: Europe 
  • Country: Cyprus 
  • Price: €20,000,000 
  • Sales: Confidential 
  • EBITDA: Confidential 
  • Assets: Hotel unit, buildings, land, fixtures, fittings, furniture, inventory, catering equipment, refrigeration etc. Valuation for land & buildings in 2011 for €30,5 million. 
  • Telephone: (357) 22504200 Cyprus 
  • Email: cyprus@connecor.com 

Water Park & Sea Front Holiday Village

General Information:

A successful and established tourist unit with direct immediate view to the Mediterranean and within a beautiful setting, is offered for sale by one of the most experienced and respected hotel groups in Cyprus. The project is located right in front of the sea in a very nice quiet area, and very close to a beautiful near-by beach and other entertainment venues. It is performing very well, has high occupancy rates (over 80% in the operational period April-November) and enjoys long-term commitment contracts with the most successful tour operators in Europe, exploiting in full their business relationships with them. The company has proven reliability, product, service and F&B quality, and the hotel has specially designed facilities of high value. It offers excellent entertainment and animation, and has maintained its attractiveness through time.

Facilities:

A thematic resort associated to the Cypriot environment and lifestyle. Character and style is of earth colours consisting of 21 blocks of apartments. The two-storey villa type buildings are spread amongst nicely landscaped gardens that give a feeling of village neighbourhoods. Amenities include indoor and outdoor restaurant and tavern, lounge, bar, large outdoor pool and children’s paddle, indoor heated pool, fitness room, spa, tennis & volleyball courts, 24-hour lobby reception, conference room for up to 200 participants, games area, mini shop, launderette, internet corner and large underground parking. There are a total of 149 accommodation units divided into 74 studios and 75 one-bedroom units. All units are of open plan design, with a kitchenette, mini fridge, radio, telephone, TV, a/c, safe box, bath/shower and balcony or veranda

Investor Options:

1) Buy the hotel as a separate asset together with the business and operate them.
2) Buy the hotel and rent it back to the existing owner for some years depending on sale agreement.
3) Buy the holding company owning the asset (and save on property transfer fees)

Key strengths:

a) Successful and established unit owned by experienced hotel developer/operatorb)
b) High occupancy rates
c) Long-term commitment contracts with top tour operators
d) Offering “value for money” accommodation and experience
e) All inclusive operation is run very efficiently
f) Water Park facility (fully licensed)
g) Right in front of the sea and in close proximity to a relaxing, peaceful and attractive beach
h) Exclusive and attractive tourist area nearby comprised of shops, restaurants, night life etc

i) Quite private and “isolated” location but still close to busy night lifej)
j) Excellent comments from Trip Advisor
k) Hotel is attractive to a large number of nationalities of customers
l) Can accept clients on all types of terms of stay from all inclusive to self-catering
m) Excellent and varied F&B
n) Very nice entertainment & animation
o) Underground parking (50 spots)
p) Proximity to international airport with direct flights
q) Extra Governmental incentives building coefficient factor of 20% applies