Hotel for Sale

METAXOURGIO AREA (towards Piraeus Street): We are pleased to present a unique investment opportunity in the vibrant area of Metaxourgio, Athens. This 114-room hotel is now available for sale, located just a 5-minute walk from the Metaxourgio metro station and an 8-minute walk from the Omonia metro station. The property spans a total area of 4,160 sqm across 11 levels, including six floors dedicated to guest rooms, a basement with storage, mechanical facilities, and a multipurpose room, a ground floor with a lounge cafe and bar, 2 mezzanine levels with the restaurant and the breakfast area, as well as a spacious rooftop with stunning views of the Acropolis. The hotel also offers an outdoor parking area with 8 spaces. Total plot area measures 778 sqm, including the open-air parking area. Originally a 3-star hotel, this property currently requires full refurbishment: -Development was completed in 1976. -The hotel was fully refurbished for the 2004 Athens Olympic Games. -It operated as a 3* hotel until 2012. -The metal (air-)ducts were unlawfully removed from the premises during the Covid quarantine. Today, the real estate asset is available for sale in the open market, free of encumbrances. Key advantages include: *A significant room count; a scarce feature in the fragmented hospitality market of Athens, *Proximity to 2 metro stations, those of Metaxourgio and Omonia, and *Project location within a promising area with several new hospitality & residential projects under redevelopment, expected to yield substantial capital appreciation. Metaxourgio is rapidly becoming an extension of the Omonia district, making this an excellent opportunity for investors. Note: There is also the potential of combining this purchase with another hotel in the broader area, which would raise the total number of rooms to approximately 200. An exclusive proposal by Cobalt SPI with a closing price of 6.5 € Μ for the real estate asset. For information and to arrange a property visit, please call +30 6973305656. [The location of the property on the map, and any address automatically displayed by the platform, indicate the neighbourhood alone, and do not depict the property's exact address.]