Description
Hotel for Sale in Heraklion, Crete – 80 Rooms. In Heraklion, Crete, one of the most established tourism markets in the Mediterranean, a fully operational and renovated 80-room hotel complex is offered for sale at €6,000,000, equal to €75,000 per key. Positioned just 400 meters from the sea, the asset represents a rare hospitality investment opportunity in a high-demand coastal zone, at a pricing level significantly below replacement cost.
The hotel is developed on a 9,800 sqm plot, with a total built area of 2,800 sqm. It includes 80 rooms, with an average room size of approximately 22 sqm, and operates from April to November, taking full advantage of Crete’s extended tourism season.
The property has been developed in phases, fully renovated, and is delivered ready for immediate continuation of operations, without the need for additional capital expenditure.
The location further strengthens the investment profile. The hotel is situated 30 km from Heraklion city center, 30 km from Heraklion “Nikos Kazantzakis” International Airport, and approximately 35 km from the new Kasteli International Airport, one of the most important infrastructure projects in Greece.
The new airport is expected to enhance accessibility, increase arrivals, extend the tourism season, and support long-term capital appreciation for hotel assets in the wider area.
The complex offers a complete hospitality infrastructure, including two adult swimming pools, two children’s pools, a pool bar, restaurant, professional kitchen, storage areas, reception, lobby, 5x5 football pitch, mini gym, basketball court, kids club, playground, mini market, and dedicated activity areas. These facilities support strong occupancy, family-oriented demand, and additional revenue opportunities beyond room sales.
A key advantage of this asset is its strategic expansion potential. An adjacent 11-room hotel is currently leased and operated together with the main property, giving the future owner the flexibility either to continue the lease and maintain the additional capacity or terminate it according to their business plan.
In addition, a nearby 24,000 sqm plot, separated only by a road, is available from a third-party owner for €500,000, with potential development capacity of up to 200 additional rooms.
In a full-scale scenario, the investor could transform the existing 80-room hotel into an integrated tourism complex of up to 291 rooms under unified management.
This creates a clear path for growth, higher operational efficiency, stronger market positioning, and a significant potential uplift in asset value.
The asking price is €6,000,000 for the 80-room hotel. Full operational financials, occupancy data, ADR, RevPAR, yield metrics, and further documentation are available upon execution of a Non-Disclosure Agreement for qualified investors.
Hotel for Sale in Heraklion, Crete – 80 Rooms. 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.
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