I am looking for investments in the hotel business

Category

• Investment >> Services >> Hotels & Motels >> Hotels

Description

• Available on:
• English
• Русский

Two hotels in the center of Loutraki are offered for purchase and modernization. All detailed information in the photo section.
Greece, Corinthia, Loutraki
Corinthian Gulf of the Ionian Sea
Hotel "ELPIS" with panoramic views of the bay and the city of Corinth. In front of the frontal part of the city park and the municipal marina for yachts. Distance to the airport 100 km - new highway, Athens - 80 km; Corinth - 8 km; Corinth Canal - 5 km. Municipal spa and hydropathic center of international importance - 50 m; ski resort "Kalavrita" - 80 km.
Land plot for parking for about 15 cars. The hotel building is earthquake resistant and in excellent condition. A full-scale renovation of all premises is required, with partial reconstruction and completion of the 8th floor. The operating time after repair is at least 25 years.
The purchase price is below 1,000,000 €, with obligatory bargaining, possibly up to 800,000 €. The cost of renewal is approximately 7.5%. The cost of the renovation is within 1 200 000 €. The total cost of all equipment and furniture is within 700,000 €.
Total: the total turnkey cost is about € 3,000,000, taking into account approximately € 100,000 required for opening (products) and 3 months of staff salary. If desired, you can purchase 2 minibuses with 19 seats for transfers and excursions.
After renovation, the total area of ​​the hotel will be 2,750 sq. m (+/- 15 m). Cost of 1 sq. m will be 1,100 € / 1 sq. m completely ready-to-use hotel.
The time of registration (purchase) is approximately 1 month. Repair time and equipment 6 months. It is essential to open the hotel 2 weeks before Orthodox Easter. Advertising and presentation costs at the discretion of the owner.
It is planned after the renovation of 60 rooms, including 6 suites and 5 singles (+/- 2 rooms). The price of a standard room in the season is on average 50 € (without breakfast), "high season" for about 40 days - 60 € (without breakfast), the averag