Hotel for Sale

This exceptional hospitality property offers unparalleled potential, primarily due to its privileged "on-the-water" location and its proximity to the rising tourist destination of Makry Gialos. Located 18 km from the city of Ierapetra, it provides the serene, high-end environment that modern travelers seek.
Capacity: 70 units in total (62 apartments and 8 studios).Versatility: Several units are maisonette-style, accommodating up to 7 guests with two bedrooms and two bathrooms—ideal for the high-demand family tourism market.Business Model: Perfect for operation as a Family Resort or conversion into a modern Condo-Hotel.An outdoor taverna equipped with traditional wood-fired ovens and grills, plus an outdoor bar—perfect for creating a signature Cretan Gastronomy experience.
Large courtyard with lush gardens and gazebos with lounge seating.
Dedicated adult and children’s swimming pools (infrastructure exists but requires renovation).
The property includes a rudimentary small-scale marina. With proper redevelopment, this can become an exclusive docking point.
The private beach area and pools have been out of operation for the last two years. This presents a "blank canvas" opportunity for a new owner to redesign the seafront experience to 4-star standards.