Tourist Village Sea Front Hotel for sale (II) (Cyprus)

  • Reference: BFS-CYP-045 
  • Sector: HORECA/Leisure 
  • Region: Europe 
  • Country: Cyprus  
  • Price: €16,000,000 
  • Sales: Confidential 
  • EBITDA: Confidential 
  • Assets: 141 Units. Complete hotel unit, land, fixtures, fittings, furniture, inventory, catering equipment, refrigeration etc. Valuation for land & buildings in 2011 was for €26,5 million. 
  • Telephone: (357) 22504200 Cyprus 
  • Email: cyprus@connecor.com 

Tourist Village Sea Front Hotel for sale in Cyprus (II) – business & asset for sale

General information:

Tourist village sea front hotel for sale in Cyprus with direct sea view and 141 units (75 studios & 66 one-bedroom) in 20 blocks of apartments. It is already a successful and established hotel unit with high occupancy rates and it is quite privately and isolated located but it is still close to the busy night life. 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. It is a thematic resort associated to the Cypriot environment and lifestyle and it is a two-storey villa type building spread amongst nicely landscaped gardens that give a feeling of village neighbourhoods.

Additional features include:

a) Amenities: indoor and outdoor restaurant and tavern, lounge, bar, large outdoor pool and children’s paddle, indoor heated pool, fitness room, spa, tennis & volleyball court, 24-hour lobby reception, conference room, games area, mini shop, launderette, internet corner and underground parking.
a) Offering “value for money” accommodation and experience
b) Hotel is attractive to a large number of nationalities of customers
c) Can accept clients on all types of terms of stay from all inclusive to self-catering
d) Long-term commitment contracts with tour operators
e) Excellent entertainment and animation, and varied F&B
f) Very nice comments from Trip Advisor
g) Underground parking
h) Proximity to international airport with direct flights
i) Extra Governmental incentives building coefficient factor of 20% applies.

 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.