Hotel for Sale

For sale is a hotel with a total area of 750 sqm, consisting of three separate complexes. The hotel features 30 rooms and 80 beds, and is situated on a 12,500 sqm plot. The property is 35 years old and requires renovation. Despite this, its fundamental structure and location make it an excellent investment opportunity. Located in a stunning spot near the town of Ierapetra, the hotel offers unobstructed views and is just 100 meters from the sea. The proximity to the town and the sea makes it ideal for tourism exploitation. The hotel has spacious rooms that can be configured and equipped according to modern needs. Common areas include a restaurant, bar, recreational spaces, and gardens. Additionally, there is ample parking space for guests. One of the main advantages of this hotel is the potential for expansion. The plot has remaining building capacity, allowing for the construction of additional rooms or facilities, thereby increasing the value and capacity of the hotel. This potential makes it an excellent investment opportunity for those looking to expand their business activities in the tourism sector. The hotel is ideal for investors looking for a valuable investment in the tourism sector. With the existing infrastructure and the potential for further development, it represents a unique opportunity to create a profitable tourist accommodation.