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

  • Reference: BFS-CYP-044 
  • Sector: HORECA/Leisure 
  • Region: Europe 
  • Country: Cyprus 
  • Price: €30,000,000 
  • Sales: Confidential 
  • EBITDA: Confidential 
  • Assets: 232 Units. Complete hotel unit, land, fixtures, fittings, furniture, inventory, catering equipment, refrigeration etc. Valuation for land & buildings in 2011 was for €44,5 million. 
  • Telephone: (357) 22504200 Cyprus 
  • Email: cyprus@connecor.com 

Tourist Village Sea Front Hotel for Sale in Cyprus (I) – Business & Asset For Sale

General information:

A tourist village and sea front hotel for sale in Cyprus of 232 units (116 studios & 116 one-bedroom) in 36 blocks of apartments with a direct sea view. It is quite privately located and isolated but it is still close to the busy night-life of Cyprus which, is ideal for the privacy and tranquillity of the guests at the hotel. It is already a successful and established hotel unit with high occupancy rates. 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.

Additional features include:

a) Thematic resort associated to the Cypriot environment and lifestyle, two-storey villa type buildings spread amongst nicely landscaped gardens that give a feeling of village neighbourhoods.
b) 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 court, 24-hour lobby reception, conference room, games area, mini shop, launderette, internet corner and underground parking.
c) Offering “value for money” accommodation and experience
d) Hotel is attractive to a large number of nationalities of customers.
e) Can accept clients on all types of terms of stay from all inclusive to self-catering
f) Long-term commitment contracts with tour operators
g) Excellent entertainment and animation, and varied F&B
h) Very nice comments from Trip Advisor
i) Underground parking
j) Proximity to international airport with direct flights
k) 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.