18 bedrooms Hotel in Paphos, Cyprus No. 106991

ID106991
$ 1 648 849
Property description
For sale hotel of 730 sq.meters in Paphos. The hotel has 2 levels.The first floor consists of 7 bedrooms, 4 living rooms with kitchen, 2 living rooms, 6 shower WC. The second floor consists of 11 bedrooms, 5 living rooms with kitchen, 5 shower WC. There are solar panels for water heating and air conditioning. The owners will be leaving the furniture with the sale. Extras included with the property: parking space, garden. The property boasts a shared swimming pool. Aparthotel is superbly located in the center of Paphos within walking walking distance from equipped beaches, shopping centers, tourist activities, historical sights. There is a bus stop opposite the entrance to the aparthotel. From there in less than an 1 hour you can reach such iconic places as Aphrodite's Stone, Coral Bay and the Troodos Mountains. What is also very important is that the hotel can be easily reached from the airport by public transport in just 30 minutes. Competitive Advantages:•Pool - in this segment and location is a unique advantage that is absent from all competitors.•Thanks to the combined use of seasonal prices and the target consumer, this apart-hotel loading accounts for 75% of the number of rooms on average per year.•Higher incomes, since the implementation of the “Hotel without personnel” idea and the high automation of business processes significantly reduce fixed costs. Prospects:The Government of the Republic of Cyprus since 2020 introduced a number of changes to the tourism legislation of the country. In particular, the conversion of basements to accommodate tourists is now permitted. This relaxation makes possible to equip in this apart-hotel an additional four double rooms. Thus, revenue will increase by 31%, which may bring an additional profit. Subject to the mentioned scenario conditions. In 2021, in accordance with the new law, it became possible to build on one more floor. This will increase the number of rooms for 12 double rooms, which will give an increase on revenue.
Contact the seller
Paphos
Hotel
18
730 m²
- m²
- sq. ft
522 m²
- m²
- sq. ft
1.3 km
$ 1 648 849
Similar offers
-
For sale: hotel in Cyprus, Paphos Details
-
Northern Sporades Real Estate Consultants Pappas Vassilios - Kollias Panagiotis : Exclusively for sale hotel with 18 rooms 550 sq.m on a plot of land 4220 sq.m with unlimited sea view in the Achladies... Details
-
Newly built seaside hotel in Zakynthos for sale. The hotel is right on the sea, within a plot of 1.200 sqm, in one of the most beautiful and quiet areas of the island. It consists of 2 buildings with... Details
-
This attractive small hotel for sale is located in Petrovac, in Budva municipality. Petrovac is a beautiful little city on the Montenegrin coast and is ideal for family holidays.... Details
Offer your price











