Hotel for Sale

Property code: 713844 - Pachia Ammos, Ierapetra, Lassithi. FOR SALE:

- Unfinished Hotel Complex, 5 levels, total building area 9,867.12 sq.m., within a plot of land with a total area of ​​28,502.86 sq.m., in Pachia Ammos, Ierapetra, just 180 meters from the beach of the area. This 200-bed hotel unit is spread over a single building which consists of: 4 wings of rooms, 1 two-story building of common areas and 1 ground floor building with one part of it for auxiliary use and the rest for main use areas. The existing building was constructed in 1970. This particular property constitutes an investment opportunity as, in addition to the hotel license it has, a decision has been approved for the modernization of the existing facilities (and an increase in beds to 285) and the creation of a modern 5-star hotel unit, with a total capacity of 140 rooms, based on the new building license 10/2023. The new organization and operation plan of the hotel unit offers a living experience around a complex of water features and swimming pools, in a well-maintained and protected area, sunny throughout the day. A large grant has been approved for the completion of the project, which constitutes an ideal prospect for exploiting the property for the creation of a tourist resort in a constantly developing area with direct access to the sea and the National Road Network.

The newly designed building is arranged on 5 levels which include:

- Ground floor: total area 4,207.81 sq.m., with a total capacity of 48 beds. More specifically, on this level we find 20 double rooms (average area 26 sq.m.), 2 triple rooms (average area 34 sq.m.) and 1 suite of 48 sq.m. . All rooms have a private pool of average area 12 sq.m. . This floor includes: reception area, Reception Desk and luggage storage areas, Lobby Bar (with 115 sq.m. indoor and 200 sq.m. outdoor space), customer WC, WC for disabled people, 3 shops of 50 sq.m. , 1 multi-purpose room of 270 sq.m. , 1 SPA area with indoor pool, surface area 120sq.m. , hair salon area, multi-purpose warehouses, common areas for the operation of the unit and administration-staff offices.

- First floor: total surface area 1,889.73sq.m. , with a total capacity of 74 beds. More specifically, on this level we find 28 double rooms (average area 26sq.m. of which 6 have a private pool of 9sq.m.), 6 triple rooms (average area 37sq.m.) and a staff office. This floor includes: the main restaurant and kitchen area (with an indoor area of ​​660sq.m. and an outdoor area of ​​350sq.m.), the ala cart restaurant - pool bar with an indoor area of ​​67sq.m. and an outdoor area of ​​160sq.m. .

- Second floor: total area 1,001.51 sq.m., with a total capacity of 70 beds. More specifically, on this level we find 1 single room (average area 24 sq.m.), 24 double rooms (average area 26 sq.m.), 7 triple rooms (average area 37 sq.m.) and a staff office.

- Third floor: total area 1,001.51 sq.m., with a total capacity of 70 beds. More specifically, on this level we find 1 single room (average area 24 sq.m.), 24 double rooms (average area 26 sq.m.), 7 triple rooms (average area 37 sq.m.) and a staff office.

- Fourth floor: total area 623.59 sq.m., with a total capacity of 41 beds. More specifically, on this level we find 1 single room (average area 24 sq.m.). 14 double rooms (average area 26 sq.m.), 4 triple rooms (average area 37 sq.m.) and a staff office.

- Fifth floor: total area 41.27 sq.m. with stairwells.

The uncovered area of ​​the property includes: 30 customer parking spaces (2 disabled spaces), 8 staff parking spaces (1 bus parking space) and 6 parking spaces for electric service vehicles. One of the most important features of the hotel complex is the central swimming pool with an area of ​​1,171.57 sq.m. with high-standard design and accessibility in an idyllic landscaped environment, the swimming pool in the Lobby Bar area of ​​230 sq.m. and the outdoor Club of 108 sq.m. . The hotel complex's amenities and services include 2 multi-purpose courts (tennis, basketball, volleyball) of a total area of ​​1,300 sq.m. as well as a mini golf course, of a total area of ​​2,500 sq.m. .

PRICE: €8,800,000