Hotel for Sale

This is an active, fully furnished and equipped standalone business with good reputation and clientèle built at an excellent location at Loutra of Aedipsos (location graded 9 out of 10 by booking.com customers). The return on investment (ROI) exceeds 5% !
This business is licensed by GNTO - Greek National Tourism Organization (EOT) and it is classified as a 3-key accommodation. There is an active license from Public Health Body that allows breakfast and snacks to be served at a suitably laid out and equipped area on site. The building features fire protection equipment, video surveillance in public areas and an alarm system.
The building has been constructed in two stages. Part of it was initially built in 1970. In 2004 a major renovation along with a new constructional addition revitalized the whole business. Family rooms, elevator, breakfast and other communal areas were constructed at that time. Since then, many minor renovations have been made to keep the business fresh, the last one in 2019. The necessary building permits were issued at all stages, ensuring legality according to the city plan.
The business is free of encumbrances. There are no mortgages, loans, operating leasings or other kind of financial burdens.

The accommodation business consists of :
• 4 apartments with private entrance (2 two-room apartments, 2 studios)
• 4 family studios
• 5 studios
• 8 twin rooms with access to shared kitchens (1 per 4 rooms)
• 2 shared kitchens with private cabinets equipped with kitchenware
• 1 lounge
• 1 breakfast lounge/snack bar
• 1 reception
• 1 elevator
• 250 sq. m (2690 sq.ft) rear garden
• 115 sq. m (1238 sq.ft) front garden

Property details:
• Plot area: 600 sq. m (6458 sq.ft)
• Building surface: 705 sq. m (7589 sq.ft) in three levels (ground, first & second floor)
• Construction date of initial 545sqm: 1970
• Full renovation/constructional addition 160sqm: 2004 (4 new family studios, 2 studios, elevator, reception and lounge areas)
• Creation of a breakfast/snack lounge (2014)
• New flooring in public areas (2017)
• Renovation of studio apartment (2018)
• Renovation of two space apartment (2019)

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