Hotel for Sale

For Sale: 16 Rooms Operating Hotel in Kassandra, Chalkidiki Price: €800,000 Location: Kassandra, Chalkidiki, Greece Property Type: Hotel Year Built: 2003 Size: 600 sq. m. Proximity to Sea: 500 meters Looking for a lucrative investment opportunity in one of Greece’s most beautiful and tourist-heavy regions? This operating hotel in Kassandra, Chalkidiki, offers a rare chance to own a fully functioning hospitality business in the heart of the Kassandra peninsula. Built in 2003, the hotel boasts 16 guest rooms, an upper-floor view of the sea from select balconies, and is located just a 5-minute walk from the beach. Property Features: Total Area: 600 sq.m. Guest Rooms: 16 spacious rooms Staff Room: 1 dedicated personnel room Reception Area: Well-maintained reception to welcome guests Sea Views: Upper-level rooms offer scenic sea views Location: Centrally located in the village with close proximity to local shops, restaurants, and beach access Condition: Requires light cosmetic renovation to maximize its potential Ideal for Investors This property offers a strong return on investment for those looking to grow or enter the hospitality industry in Greece. Currently, the nightly room rate ranges from €50 to €80, depending on the season. With minimal renovation, this rate could increase to €60 to €120 per night, positioning the property to generate significantly higher income. Key Investment Details: Nightly Rate (Current): €50-80 Nightly Rate (Potential After Renovations): €60-120 Estimated ROI: 7% annually Flexible Payment Terms Available: The owner is open to discussing flexible payment terms, making it easier to acquire this outstanding property. Development Potential In addition to minor renovations to enhance the guest experience, there is potential to set up a small kitchen or breakfast area to offer breakfast services. This simple addition could further increase the nightly rate and appeal of the hotel, making it more competitive in the region’s hospitality market. Sea Views and Proximity to Amenities The hotel’s sea views from the upper-floor balconies are one of its standout features, making it a highly desirable property for guests who want to experience the beauty of the Aegean Sea. With the beach just a 5-minute walk away, guests can enjoy the sun and sand with ease. Additionally, the hotel is located in the center of the village, close to supermarkets, shops, bars, and restaurants, offering convenience and accessibility to all essential amenities. Investment Highlights: Operational Hotel: No need to start from scratch – this hotel is already up and running. Renovation Potential: Small cosmetic updates can significantly enhance the property’s appeal and value. Revenue Growth: A projected increase in nightly rates after renovations means higher income potential. Management Services Available: For those seeking a hands-off investment, property management services can be arranged. Flexible Payment Terms The owner of this property is willing to discuss flexible payment options, allowing potential buyers to acquire the property with terms that fit their financial strategy. This flexibility adds significant value to this opportunity, giving investors the ability to structure a deal that works for them. Asking Price: €800,000 Priced competitively at €800,000, this hotel represents excellent value for a fully operational property in a prime location. The potential for value appreciation and higher revenue generation makes this an investment you won’t want to miss. For more information, to schedule a viewing, or to inquire about property management services, please contact us today.