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Hotel for Sale in Mikonos, Greece

For Sale: 4-star hotel in Mykonos hosting 25-30 rooms and recording 80-85% occupancy rate.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 500 - 600 thousand
Run Rate Sales USD 700 thousand
EBITDA Margin 20 - 30 %
Industries Hotels
Locations  Mikonos
Local Time 3:42 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 12 million (Native Currency: EUR 10,000,000)
Reason: The business owner recently retired and is moving abroad. The valuation is based on the asset value ... View More
Includes physical assets worth USD 10 million
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
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Business Overview

- 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.

Products & Services Overview

4-star hotel with 25-30 rooms, 4 pools, 1 jacuzzi, F&B, kitchen, laundry room, gym, and sauna spaces.

Assets Overview

Land, buildings, equipment, machinery, furniture, business materials, and miscellaneous assets.

Facilities Overview

Two 2-floor and one 3-floor building of 800 square metres on a plot of 4,300 square metres. This property is owned by the business. Each Villa/Suite has its own private space and balcony/veranda.

Recent Activity
  • Earlier than 15 days
    Owner, Riyadh, M&A Advisor connected with the Business
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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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