Hotel for Sale

The Property Overview Located in the heart of Ierapetra, Crete—Europe’s southernmost and sunniest city—this landmark hospitality property is now available for sale. Spanning a total of 1,773.12 sq.m. on an 805.40 sq.m. plot, this 46-room hotel represents a rare value-add investment opportunity with significant upside potential. The building features a solid, traditional architectural design, characterized by its central atrium and spacious common areas, making it the perfect canvas for a luxury Boutique Hotel or a contemporary Serviced Apartments project. Floor Distribution & Layout The hotel is thoughtfully laid out across four levels: Ground Floor: Grand entrance lobby and elevator access. 1st Floor: Dining/breakfast hall, spacious lounge area, administrative office, and 11 guest rooms with private en-suite bathrooms. 2nd Floor: 18 guest rooms with private en-suite bathrooms, a shared floor lounge, and utility rooms (linen closet, storage). 3rd Floor: 17 guest rooms with private en-suite bathrooms, a shared floor lounge, and staff quarters. Top Floor (Roof): Utility spaces and a large open-air terrace with immense potential for a Roof Garden/Cocktail Bar overlooking the city. Investment Highlights Turn-Key Asset: The sale price includes all existing equipment and furniture. Strategic Location: Situated just 500m from the Ierapetra Marina and within walking distance to all major commercial and tourist hubs. Unbeatable Price per Sq.m.: At approximately €536 per sq.m., this asset is priced well below replacement cost, offering high ROI potential post-renovation.