Neo Faliro, Piraeus – 3' from the port | 150m from public transport
Executive Summary Name: Olympic Hotel Location: Piraeus (Neo Faliro), strategically next to the port, tram, metro and cruise ships. Hotel Rooms: 120 Purpose: Sale – €20,000,000 Capabilities: High occupancy, stable income, prospect of repositioning as a business/lux boutique hotel.
Strategic Location 3 minutes from Piraeus port (20M+ passengers per year) Airport connection via X96 (~45 minutes) Near the Peace and Friendship Stadium, G. Karaiskakis – sports events Cruise tourism / connection to islands
Infrastructure & Facilities 120 rooms (standard, sea-view, balcony) Room service, lobby bar, shuttle services 24-hour front desk, WiFi, A/C, free parking Buffet breakfast (€5/person), concierge service
Investment Opportunities Conversion to a boutique or lifestyle hotel Add conference rooms Spa/Gym facility Cooperation with cruise ships – exclusive agreements
Cost-Effectiveness (indicatively)
Parameter
Current Ext.
Potential
Wholeness
70–75%
up to 85%
Avg. Price/room
€70/night
up to €110+
EBITDA (estimate)
€850.000–1.100.000
€1.5–2M
SWOT Analysis
Aloud
Weaknesses
Premium location
Non-use of premium services
Accessible – transit hub
Limited Brand
Room count high
Adults-only restriction
Opportunities
Risks
Rebranding & repositioning
Economic uncertainty/tourism
Synergies with tour/cruise operators
CAPEX Need
Conclusion / Investment Proposal Why invest: Ready-made, functional property with strong cash flow Usable real estate in a strategic location Growth prospects through service upgrades Stable tourist demand (port, cruises, sports)
León Dorado Real Estate Investments www.leondoradoinvestments.com Τ: +30 210 3300022 Κ.: +30 693 6793779 E: k.m.ocampo@lionrealtors.gr
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.