Hotel for Sale

Executive Summary
This investment concerns the acquisition of a fully operational 5-star beachfront resort located in the Chania region of Crete, Greece. The resort offers 213 rooms and suites, extensive F&B and leisure facilities, spa and wellness services, and direct beach access. It is an established, income-generating hospitality asset positioned in one of the most dynamic tourism markets in the Mediterranean. Acquisition Price: €33,000,000 (approximately €155k per key)
Year 1 Revenues (est.): approximately €12.1m
Year 1 EBITDA (est.): approximately €6.0m (50% margin)
Projected IRR (10 years, unlevered): approximately 13%
NPV at 10% discount rate: approximately €13m
Equity Multiple (10 years): approximately 2.2x Property Overview Category: 5-star beach resort
Keys: 213 rooms and suites Facilities
Multiple restaurants and bars
Outdoor swimming pools including infinity pool
Full-service spa and wellness center with gym
Conference and meeting facilities
Direct beach access with sunbeds and water sports
Kids’ club and family-oriented amenities
Landscaped gardens and sun terraces
On-site parking Condition
Recently renovated, well-maintained and operating with strong guest satisfaction. Positioning
Suitable for leisure travelers, families and MICE segments (meetings, incentives, conferences and events). Location and Market Context Macro Location: Crete Crete is one of the most established Mediterranean destinations, attracting more than 5 million international visitors annually.
The island benefits from long seasonality from April to October with increasing year-round demand.
Strong connectivity via direct international flights from major European markets. Micro Location: Chania Region Prime beachfront position with unobstructed sea views.
Proximity to Chania city, Rethymno and Chania International Airport.
Strong demand drivers including family tourism, upscale leisure and cultural experiences.
Nearby attractions include the Venetian harbor of Chania, Samaria Gorge, traditional villages and Blue Flag beaches. Market Dynamics Greek tourism remains at record levels with sustained growth.
Crete consistently ranks among the top three Greek destinations by arrivals and ADR growth.
ADR and RevPAR continue to increase, particularly in the upscale resort segment.
Limited supply of large-scale 5-star beachfront resorts with more than 200 keys. Financial Performance and Projections Base Case – Year 1 Total Revenues: approximately €12.1m
Rooms Revenue: approximately €9.3m
F&B and ancillary revenue (spa, events, etc.): approximately €2.8m EBITDA: approximately €6.0m
EBITDA Margin: approximately 50% CapEx: approximately €0.36m annually (3% of revenues – maintenance)
Net Operating Cash Flow after tax, capex and working capital: approximately €4.5m 10-Year Forecast Revenue growth: 3.5% CAGR for years 1–3 and 2% thereafter
EBITDA margin: maintained at 50%
CapEx: 3% of revenues annually
Terminal value: approximately €53m (8x Year 10 EBITDA) Projected Investor Returns (Unlevered) IRR (10 years): approximately 13%
NPV at 10%: approximately €13m
Equity multiple: approximately 2.2x
Payback period: approximately 7 years Valuation Sensitivity (Unlevered, per key) Price per key: €150k
Purchase price: €32.0m
IRR: approximately 14%
NPV at 10%: +€16m Price per key: €155k (base case)
Purchase price: €33.0m
IRR: approximately 13%
NPV at 10%: +€13m Price per key: €180k
Purchase price: €38.3m
IRR: approximately 11%
NPV at 10%: +€8m Price per key: €210k
Purchase price: €44.7m
IRR: approximately 9%
NPV at 10%: +€3m Price per key: €240k
Purchase price: €51.1m
IRR: approximately 7%
NPV at 10%: –€1m Investment Rationale Prime seafront location with direct access to a sandy beach in one of the strongest Mediterranean tourism markets. Scale and critical mass with more than 200 keys, suitable for international branding or repositioning. Attractive entry valuation at approximately €155k per key, below replacement cost and competitive relative to comparable Mediterranean transactions. Strong cash flow generation with high operating margins and immediate income visibility. Upside potential through revenue optimization, yield management and brand affiliation.
Opportunities to enhance ADR, occupancy and ancillary revenues including spa, F&B and events. Strong market fundamentals with sustained tourism growth, increasing ADR and continued infrastructure investment across Crete. Conclusion This 5-star beachfront resort in the Chania region represents a rare opportunity to acquire a large-scale hospitality asset in one of the most dynamic Mediterranean markets. The property is fully operational, generates strong cash flows and offers clear upside potential through branding and operational optimization. At an acquisition price of €33 million (approximately €155k per key), the asset delivers an estimated 13% unlevered IRR, €13 million NPV at a 10% discount rate and a 2.2x equity multiple over a 10-year horizon, positioning it as a compelling opportunity for institutional and private investors seeking exposure to Greek hospitality.
León Dorado Real Estate Investments www.leondoradoinvestments.com Τ: +30 210 3300022 Κ.: +30 693 6793779 E: k.m.ocampo@lionrealtors.gr

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In order to indicate the property, it is necessary to show a police ID/ Passport or TIN According to Law 4072 / 11-4-2012 Government Gazette 86 A.