Hotel for Sale in Mikonos, Greece

- Well-known seasonally operated 4-star hotel with the equivalent of 25-30 rooms.
- It was originally constructed in 1987 and recently renovated two years ago.
- The business was started in the year 2001.
- It is strategically and centrally located, only 800 meters from town and overlooking the Aegean Pelago and New Port, and 10-15 minutes from the airport and most of the beaches.
- The hotel compound comprises of 3 buildings and has the architectural ability and potential to be renovated/reconstructed into 3 5-star private residences/villas, with 10-12; 4-6 bedrooms respectively, each with its own private pools, jacuzzi, and gym/saunas, suiting more accordingly the non-saturated high-end villa market.
- Opportunity also exists for the exclusivity of neighboring acquisition of a land plot of 4,000 sq. m.
- ADR since 2018 has been between EUR 300–450 night/suite and EUR 1000-1500 night/villa, 3 bedroom and 5 bedrooms respectively.
- Depending on the type and seasonality with occupancy sitting between 80-85% comfortably.
- The business is free from any short- or long-term obligation.
- The sale would include the entire business and physical assets.