Description
Boutique Hotel with 24 Apartments for sale in Crete. Perfectly set in the most touristic area of East Crete, just 2km away from the sandy beach, this 1.000sqm Boutique Hotel with 24 apartments is the ideal opportunity for those who seek to invest in an already successful hotel in an area attracting numerous visitors every year.
The Boutique Hotel lies on a beautiful 700sqm plot in a neighborhood full of tourist installations, mini shops, taverns, and bars, just 32km away from Heraklion Airport, the largest airport in Crete.
The building consists of the ground floor, the first floor, and the second floor a beautifully set exterior space with all kinds of amenities for a relaxing and enjoyable stay.
There are 24 apartments in total, divided into 13 apartments and 11 studios.
On the ground floor, one can find a welcoming reception area and five apartments, as well as a restaurant with a bar and a pizzeria with a large facade on the street, attracting numerous tourists apart from the hotel's guests.
The restaurant is also offering takeaway services achieving a higher turnover.
The first floor hosts 11 studios and the second floor 8 more apartments, ranging in size from 20sqm to 38sqm.
The beautiful outdoor areas offer a large swimming pool with a capacious pool area with more than enough space for sunbed spaces, perfect for guests to enjoy the sun with a refreshing drink.
It operates with 8 employees, and more specifically 2 cleaning ladies, 1 pizza guy, 2 barmen, 1 waiter, 1 receptionist, and 1 porter.
When considering this investment, it’s essential to note that the hotel operates year-round with strong annual revenue, supported by a loyal clientele who return each year. This demand results in a full 100% occupancy rate from June 15th through September, highlighting the property’s appeal and steady performance.
The business achieves approximately €250,000 in annual revenue, with €150,000 generated from hotel services and an additional €100,000 from bar and food sales. Net profit stands at an estimated 50% of total revenue, underscoring its profitability.
This exceptional hotel is now seeking a new owner to unlock its full potential and continue its success!
Boutique Hotel with 24 Apartments for sale in Crete Location Information:
Heraklion Greece is the most popular region of the island and is located on the eastern side of Crete, between Rethymno and Lassithi.
The beautiful capital of Heraklion region, Heraklion Town, is one of the busiest city centers in Crete.
Heraklion or Iraklion has undergone a significant makeover in recent years because of the city’s increasing prosperity.
Infrastructure works have included the redevelopment of the waterfront, improved roads, and a city bypass to ease traffic congestion and maybe the most important much of the historic center has been turned into pleasant pedestrian strips.
The Heraklion airport, named after the Cretan writer Nikos Kazantzakis, is one of the biggest in Greece and receives approximately 15% of the total tourist traffic of Greece.
Heraklion’s airport is about 5km east of the city. Major car-rental companies have desks at the airport. Taxi and public bus are available for transfer from/to Iraklion.
You may visit our Golden Visa page, https://greek-golden-visa.com/ for detailed information regarding the procedure of applying and obtaining the Greek Golden Visa, as well as all its benefits.
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