The Four - Star Hotel

www.GlobalBX.com

Listing ID: 700331305

Listing Title: The Four - Star Hotel

Quick Link: http://www.globalbx.com/listing.asp?bId=331305

Industry: Hotels and Holiday Accommodation

Industry Segment: Hotels

Country: Greece

State / Province:

Area

City: Katerini

Asking Price Range: $2.5M - $5.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: EBITDA

Year Established: 2010

Number of Employees: 10 - 19

Business Description:
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.



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