Casino & Hotel For Sale

Listing ID: 700280665

Listing Title: Casino & Hotel For Sale

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Industry: Entertainment and Leisure

Industry Segment: Casinos

Country: Cyprus

State / Province:


City: Kyrenia

Asking Price Range: > $35.0M

Gross Revenues: Seller Will Provide

Cash Flow: Seller Will Provide

Cash Flow Type: Sellers Discretionary Cash

Year Established: 2011

Number of Employees: > 200

Business Description:
Set in view of the Eastern Mediterranean coastline and picturesque Besparmak mountain range of Kyrenia, is this beautifully constructed, 5*luxury Hotel. Set on a vast expanse of 10 acres, this exorbitantly designed, Ottoman style structure is presented to contain; indoor and outside pools an amphitheater, set in perfectly manicured landscaped gardens, restaurants, Turkish Bath, shops, Gym and multi functional conference halls, perfectly suitable for large exhibitions, celebratory events and closed meetings, in addition to the multitude of facilities available, also included in the purchase price is a rare to come by 3million casino license, all of this in place will undoubtedly make this project one the most prestigious havens in the Mediterranean, giving it the conceivable ability of out selling all other holiday destinations in North Cyprus. The construction of this 3 stores 500 bed project is currently 70% complete, has 62 individual dwellings all set among water features and lush green gardens, and is being undertaken by one of the leading developers in Northern Cyprus. The monumental features in the design, which take you back to the prime Ottoman period, will undoubtedly give you a real feel of the Middle East, the grandiose columns and marble entrance will be utterly breathtaking, drawing in a precise classification of clientele, each minor point has been carefully over seen by the developer to ensure every detail is of the highest caliber. With millions of pounds earmarked to promote tourism and the opening of the water pipeline from Turkey, Northern Cyprus has recently been the subject of much positive media coverage, making the Mediterranean's best kept secret, North Cyprus a first class destination of choice for investors, foreign visitors and holiday makers worldwide. Situated on a 41487 m2 Of land and consists of three main sections, Hotel, Bungalows and Recreational. These main sections are integrated with green areas and car park.

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