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Hotel In The Suburbs
Location: Greece -> Thessaloniki
Industry: Hotels and Holiday Accommodation > Hotels




Business Summary

Hotel in the suburbs of Thessaloniki. The hotel has an area of 2 200 sq. m. land area of 8 100 sq.m. built in 1974. The construction of the building and its technical condition requires work on its reconstruction. To improve the quality of service, you must perform the following works: repair of the building, partial replacement of furniture, the device superior rooms; partial or complete replacement\ repair of engineering equipment; purchase of software; construction of the pool; landscaping. Thessaloniki is the second largest city in Greece with a population, together with suburban areas, of more than 1,000,000 people. In Thessaloniki are: Aristotle University-the largest University in the Balkans, Macedonia airport and a major seaport, in its economic importance is second after Piraeus. In 2016, UNESCO included Thessaloniki in the list of the most attractive cities in the world. The hotel is 100 metres from the sea and 4 km from the nearest town. The cost of the hotel is 1 000 000 Euro. There is a project of reconstruction of the hotel. With its implementation, the payback period will be 8.8 years, the rate of return on investment - 13 %. Part of the costs of acquisition, design, construction/reconstruction and equipment can be compensated from the funds of the European Union and Greece, in the form of grants for business development and VAT refund from the purchased goods. The amount of compensation varies from 35 to 55 %, each project is considered individually by a specialized body. The documents are ready to deal. Additional information is available upon request.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  1974
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned




Print Listing Id: 700331307
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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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