Hotel for Sale

Hotel of 1100 sq.m. for sale in Agia Galini. The property is located in the center of the settlement very close to the picturesque port. It has 35 rooms, two common indoor areas for reception and restaurant/breakfast. Also at the top there is a large swimming pool with a jacuzzi area and a roof garden with an excellent view of the sea, the settlement and the wider surrounding area. Of course, there is the possibility of reconfiguring the interior spaces either by merging rooms to create apartments or by creating new rooms in place of the common areas to fully exploit the available square footage. This is an excellent investment opportunity in the center of one of the most famous settlements on the south side of the prefecture of Rethymno. Agia Galini is one of the oldest tourist resorts in Crete as since the 70s internal and external tourism flocked to enjoy the cold waters, the steep beaches of the wider area as well as the facilities offered by the settlement from that time. Agia Galini is located on the border between the prefecture of Rethymno and the prefecture of Heraklion. The creation of the new international airport in Kastelli as well as the interconnection of the southern side of the prefecture of Heraklion with the highly developed northern side with modern roads will favor the further utilization and touristic development of the area. The bed capacity, location and relatively good condition of the hotel which needs modernization and landscaping rather than major changes make the purchase of this hotel an excellent long-term investment. An extensive economic and technical study will certainly be needed by the prospective investors, but under conditions of stability and the expected increase in tourist arrivals in the coming years, the payback of the investment is not expected to last more than five years, a particularly satisfactory figure for the degree of investment. Responsible for the listing is Mr. Konstantinosoullos, licenced realtor with General Commercial Registry Number (GEMI) 349607. Despite the fact that Aspis Real Estate Rethymno takes all precautionary measures to ensure that everything that is written in our classified ads is true, these are by statement of the sellers therefore we cannot accept any responsibility for the correctness of the information. In any case we offer a strong recommendation to check the information with certified professionals before any down-payment.