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Hotel for Sale in Cyprus

For sale: 3 star hotel with 80 rooms located in Cyprus.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 800 thousand
Run Rate Sales USD 800 thousand
EBITDA Margin 30 - 40 %
Industries Hotels
Locations Cyprus
Local Time 5:22 AM Europe / Stockholm
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 9 million (Native Currency: EUR 8,500,000)
Reason: Owner wants to retire.
Includes physical assets worth USD 9 million
Interested to connect with advisors
Business Overview

- 3-star hotel with 80 suite sea view and town view rooms.

- Each room, is equipped with air-conditioning, 24"color TV, safe box, and other amenities.

- The facility has a swimming pool, free WiFi, parking space, restaurant, and bar.

- Located close to a shopping mall, bus stop, and local bazaar.

- The buyer would get the complete business with land, building, documents, furniture, and other miscellaneous items.

- Company share transfer and no government transfer fees for the buyer.

- Partnership is possible for the investor to buy shares ownership up to an agreed percentage stake.

- Only serious inquiries with proof of funds.

- The first option is a Hotel for sale for EUR 8.5 million.

- The second option is to acquire the hotel on lease for 5 years (EUR 1.2 million) or 7 years (EUR 1.7 million) or for 10 years (EUR 2.4 million)

Products & Services Overview

- Hotel with 80 rooms, swimming pool, free WiFi, parking space, restaurant, and bar.

- All rooms can accommodate 1 extra bed.

- Sea View and Town View Rooms - Fully air-conditioned / heated, All rooms have 24"color TV, Satellite channels, Balconies, Hairdryers, and Room safe deposit boxes.

Assets Overview

Hotel business with property, 2 extra building plots on the boundaries of the swimming pool.

Facilities Overview

2,400 sqm own property with 3 floors + shops business on the ground floor. Have permission to construct 2 more floors. The property is owned by the business. (Freehold)

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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