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The Four - Star Hotel
Location: Greece -> Katerini
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

The four-star hotel at the Olympic Riviera (Katerini). The hotel was built in 2010, in recent years, carried out repairs to maintain the good condition of the object. 47 rooms of different categories. Swimming pool, gym and Spa-center. Restaurant for 150 people, bar. Free Wi-Fi. The hotel is open all year. Katerini is a city in Greece, in the region of Central Macedonia. The capital of the Prefecture of Pieria. Located between the Olympic mountain range and the Gulf of Thermaikos Gulf, 68 km from Thessaloniki. A major center of tourism in the country. One of the largest cities in Northern Greece. The hotel is located on the coast of Katerini, right next to mount Olympus.Highways in the directions of Thessaloniki and Athens, toll road. The distance to the airport of Macedonia-100 kilometers, the distance to the bus station KTEL – 1.7 kilometers, the distance to the train station – 1.5 kilometers. The location of the object has to receive a wide spectrum of tourists seeking different types of holidays, namely: beach rest; Spa treatments and Relax the rest; the business tourists; MICE; tourism – city travel; the receipt of services, medical services; shopping tourism; pilgrimage tours.The cost of the hotel - 3 000 000 euros. There is a project of reconstruction of the hotel. With its implementation, the payback period will be 7 years, the rate of return on investment - 18 %. Rating on Booking-8,9. The documents are ready to deal. Additional information is available upon request.


Financials

Asking Price Range:  $2.5M - $5.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700331305
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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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