Charming Boutique Hotel

Location: Attica, Greece
Asking Price: $1,500,000 USD

Property
ID: 190508120220936

CONTACTS

phone: 1.416.906.6105
email: vladimir.riabinin@gmail.com
web: www.riabinin.com
video: https://youtu.be/b9cY0hwmdWY
WhatsApp, Skype, etc: N/A

address: 38 Maple Drive, Aurora, Ontario, Canada
gps: 43.847526, -79.394946

PREMISES DETAILS

Small hotel comprising 10 apartments, fits up to 35 guests. Well established, newly built, modern design. The location is highly popular among vacationers. Ideal for operating by a family of two.

This hotel is brand new. It was built in 2016 with modern interior design and implementation of latest technologies reducing the maintenance cost. This is a turn-key project that can be operated for the next 10-15 years with no extra cost and hassle-free.

Hotel is located in the outskirt of a small Greek town with quiet and peaceful environment. It spreads along the shoreline in Sithonia, the part of Chalkidiki peninsula that is very popular among tourists and beach lovers.

Hotel sits just 150 meters from the sand beach with crystal clear water, a short walk from the town center with shops and restaurants, and 100 km (just over an hour drive) to the International Thessaloniki airport.

Hotel is already well established and has a high rating 9.5 (exceptional) on Booking.com. It can be easily managed and operated by a family of two. Current owners hire one housekeeper for the season. The operating season is from April to September (5 months), with the above average 7% return rate. However, the building is ready for the year-round use. Therefore, there are many options to expand the business.

Typical guests: beach lovers, retirees, families with children, honeymooners, etc. - mostly from European countries and the USA.

BUSINESS OPERATION

Sales Revenue: Available on Request
Cash Flow: Available on Request
Rate of Return: Available on Request


REAL ESTATE PROPERTY

Real Property: Included
Lot Size: N/A
Rooms/Apartments: N/A
Guests Capacity: N/A
Total Area: 600 sq.m
Year Built: 2005

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