Hotel for Sale

For sale: a hotel with a total surface of 650 sq.m., built on a plot of 880 sq.m., located in Kokkini Hani, Heraklion, Crete. The property is approximately 45 years old and consists of three levels: ground floor 200 sq.m., first floor 200 sq.m., and basement 250 sq.m.. The hotel has been closed for the last 20 years and requires a complete renovation, but it offers excellent investment potential. The location is highly privileged, as the property is only 120 meters from the beach, ensuring direct and easy access to the sea. Kokkini Hani is a well-known tourist destination, famous for its organized beaches, hotels, restaurants, and vibrant summer life that attracts visitors from all over the world. In addition, the property is just 10 km from Heraklion International Airport “****** Kazantzakis” and 12 km from the Port of Heraklion, making it easily accessible for travelers arriving by plane or by sea. Shops, supermarkets, bus stops, and various tourist services are also within close proximity, making the location ideal for hospitality development. The property is eligible for inclusion in investment and development programs, providing the buyer with the opportunity to fully exploit its potential and create a modern, high-standard hospitality unit.