Profitable Luxury Hotel Business Greece for Sale

Chóra, Greece
Asking Price: $644,779 (€550,000 EUR)
Business For Sale Details
Listed on May 29, 2024(Renewed on Jul 7, 2024)

The Business is for sale with a 15-year rental contract with just €1500 a month.
• Ready and Fully Operational: Famous tourist unit is available, generating significant revenue from day one. The unit operates seamlessly with trained, stable staff each season.
• No repairs, renovations, or additional investments are needed. A reconstruction and equipment renovation worth over €500,000 was completed in 2018. Annual internal and external maintenance, including general repainting, ensures the property looks brand new!
Exceptional Features:
• A 500 m² swimming pool/water architectural element featuring two ancient olive trees with swings hanging from their branches. A massage bed is placed in the water, providing treatments under the shade of these ancient trees.
• An outdoor communal Smart Firepit lounge designed in Cycladic architecture, with a remote-controlled fire for Wine, Cocktails & Shisha Evenings & Nights.
The Most Famous Unit in Andros Island :
• Significant advertising investment since 2018 amounting to €73,000 has resulted in 90,000,000 views on Facebook, Instagram, and LinkedIn, and 78,000,000 views on Google Ads, with over 509,000 visits to our site directly from Google.
Recognized as "Best Luxury Hotel in Andros," "Best Romantic Gateway in Andros," and "Best Wellbeing Hotel in Andros" by reputable travel guides, and featured in an online tribute by "Eikones" with Tasos Dousis. The guest rating is 9.9 out of 10. Our property profile is present on Facebook, Instagram, LinkedIn, and Google Business, and is published and connected with over 50 booking engines worldwide, linked with 701 travel agents globally!
• On the same route as Mykonos (Andros-Tinos-Mykonos), 40% of our bookings come from quality travelers already in Mykonos, who visit Andros specifically to experience our renowned accommodations.
Property Details:
• A 4,000 m² complex with 250 m² of main buildings and 50 m² of auxiliary buildings, consisting of five quadruple "Cycladic Luxury Suites," each with an area of 50 m². The complex is just 500 m from the sea. The suites are two-room units comprising a bedroom with a King-size bed, a living room with two built-in Cycladic architecture sofas of adult bed size, an open-plan living room with a fully equipped kitchen (Samsung appliances, Nespresso machine, Samsung Curved Smart TV with Netflix, Disney+, Prime Video subscriptions, satellite TV with over 200 channels, Luxury Versace tableware), Haier high-end Smart air conditioners, a luxury bathroom with wooden fittings, hall, safe, IP phone, wardrobes, and decorator-curated décor. Interior and exterior floors and bathroom walls are made of polished cement, with handmade architectural lighting fixtures.
Each "Cycladic Luxury Suites" include:
• Private 25 m² Jacuzzi Stage with handmade custom floating trays for serving "Versace Breakfast."
• Private terrace with custom-made architecturally unique table.
• Smart solar hot water systems.
• Smart Home devices via Google Home, with automation and voice commands for managing lights, air conditioning, and Smart TV.
• Special fridge for wines and champagnes.
• 200Mbps Starlink satellite internet (Elon Musk).
• Fully equipped reception with Smart Cloud phone system managing incoming calls to ensure no bookings are missed.
• Coco-mat linens.
• Lush 4,000 m² garden in excellent condition.

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Financials (USD)

Asking Price $644,779

Cash Flow $211,018

Sales $351,697

Converted From EUR

Exchange Rate $1.17

Deal Terms

Represented by broker? Available On Request

Buyer Fee? Yes

Seller Financing? Available On Request

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? No

Management will stay? Available On Request

Relocatable? No

Real Estate? No

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