Property ID : 3STR/HT/PHS/PG01
For Sale, Reduced €8,900,000.00 - Commercial, Hotel
Unique opportunity to invest in a highly profitable deluxe 3 star 80 rooms Hotel + 13 Shops business.
Situated in the center of Paphos town – Cyprus, the hotel is just a few minutes’ walk from the Local Market, District Museum, Municipality and Public Gardens, and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance.
All rooms are Fully air conditioned /heated, All with 24″ color TV, Satellite hannels, Balconies, Hair dryers, Room safe deposit boxes, All rooms can accommodate 1 extra bed
The property has been operating very profitably & successfully for over 15 years.
The hotel is in immaculate condition and all departments are fully maintained and well run. It is fully air-conditioned and heated .
Certified audited accounts are available from KPMG International.
Experienced management can stay on.
Planning permission has been obtained for a further expansion of the Hotel with 4 more floors, consisting of approximately 30 one bedroom & studio deluxe apt suites, Or 42 Rooms and a roof cafeteria & bar/ multipurpose room- all with spectacular views and 3 floors parking area.
The property has been recently valued at 9,750,000