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Four Stars Private Beach Resort For Sale
Location: Greece -> Psathopyrgos
Industry: Hotels and Holiday Accommodation > Holiday Resorts




Business Summary

This beautiful well known seaside hotel has 93 rooms and has been fully renovated, with the recent renovation (cost. 3.000.000€) ending in 2008.

It is a fully operational seasonal hotel, with annual turnover 1.200.000 € until recently. Strategically located in the suburbs of Patras, 9 minutes from the university hospital of Patras, in the picturesque village of Psathopyrgos surrounded by olive gardens. Near many archaeological sites (Delphi, Olympia, Kalavryta) 40 minutes from Araxos airport and 90 minutes from Athens and Athens airport by car or suburban rail.

The main 4-storey building 3.500 sq. m, has 93 rooms, all double and triples,a Spa, 2 Restaurants, Conference room, outdoor fresh water swimming pool, pool Bar, tennis court, volley ball court and a 50 sq. m. penthouse apartment overviewing the village, ideal for owner - manager.

The second building 130 sq. m. (owners house) has 3 bedrooms, open kitchen-dining-living room (70 sq. m.), large sunny veranda (50 sq. m.) and a large garden. This 2-storey building has 5 more rooms on the ground floor, ideal for live-in staff (50 sq. m. total).

For further details you can call us at:

00306948222669 Spyros Kapsaskis (Owner)
00306983411946 Hannah Kapsaski (COO)


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   $700,000
Cash Flow:   $1,000,000
Cash Flow Type:  EBITDA
Seller Financing:  No

About The Business

Year Established:  1970
Number of Employees:  20 - 34
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Reason For Selling:  Owner's retirement

Photos

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Four Stars Private Beach Resort For Sale Photo 1 Four Stars Private Beach Resort For Sale Photo 2 Four Stars Private Beach Resort For Sale Photo 3




Print Listing Id: 700318395
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Related Searches: Camping and Parks  >  Guest Houses, Bed and Breakfast  >  Holiday Resorts  >  Hotels  >  Motels  >  Other Hotels and Holiday Accommodation  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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