Hotel for Sale

Property Code: 1-1150 - Hotel FOR SALE in Agios Nikolaos Agia Pelagia for € 1.000.000 . This 1100.00 sq. m. Hotel is on the Ground floor and features 25 Spaces, . The property also boasts unobstructed view, . The building was constructed in 1990 . Building Energy Rating: D
A fully operational hotel apartment complex is offered for sale in a prime elevated position overlooking the bay of Agia Pelagia, one of Cretε s most established seaside destinations. T
he property is developed on a 4,700 m² plot and comprises 1,100 m² of built facilities arranged across three levels. Originally constructed in 1990 and substantially renovated in 2010.
The complex features 25 fully furnished and renovated units, ranging from 20 m² to 45 m², all enjoying unobstructed panoramic views of Agia Pelagia Bay a key factor supporting strong occupancy performance and premium positioning.
The reception area includes an indoor dining hall suitable for breakfast or light meal service, a fully equipped professional kitchen, and a spacious outdoor terrace with pergola offering uninterrupted sea views enhancing the guest experience and commercial potential.
The landscaped outdoor areas are arranged in tiered levels, taking full advantage of the natural slope and panoramic orientation.
Amenities include a communal swimming pool and a private chapel, ideal for hosting weddings and private events, creating additional revenue streams through event-based operations.
The property benefits from dual access via two paved roads, improving operational flexibility and logistics. Distance to the organized sandy beach and central bay of Agia Pelagia: approximately 350 meters.
Access to the Northern Highway of Crete (Heraklion–Rethymno): approximately 1,200 meters, ensuring convenient connectivity to Heraklion International Airport.
This is a mature hospitality asset with existing infrastructure, strong location fundamentals, and significant potential for repositioning, brand upgrade, or conversion into a boutique destination hotel.