Hotel for Sale in Mikonos, Greece
|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 %|
|Local Time||3:42 PM Europe / Athens|
|Listed By||Business Owner / Director|
- 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.
4-star hotel with 25-30 rooms, 4 pools, 1 jacuzzi, F&B, kitchen, laundry room, gym, and sauna spaces.
Land, buildings, equipment, machinery, furniture, business materials, and miscellaneous assets.
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.
Earlier than 15 daysOwner, Riyadh, M&A Advisor connected with the Business