Hotel for Sale in Tinos, Greece
New boutique cave hotel in Tinos with breathtaking sunset and an active permit for expansion.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Partnership (LLP) |
| Reported Sales | USD 224 thousand |
| Run Rate Sales | USD 276 thousand |
| EBITDA Margin | 40 % |
| Industries | Hotels |
| Locations | Tinos |
| Local Time | 12:40 AM Europe / Athens |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
2.65 million
(Native Currency: EUR 2,300,000)
Reason: - The shareholder team specialises in building small boutique hotels, operating them for up to 5 yea...
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Includes physical assets worth
USD
2.65 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Brand Logo
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Domain-Verification.pdf
(214.0 KB)
Business Overview
- 8 luxury suites with sea view and mini pools.
- Seasonal business operating between May and September. It can be extended by at least one month. The average monthly sale during the period of operations is EUR 40k.
- Began operations 3 years ago.
- Occupancy between 70 - 80%
- Gross income from 8 suites approx. €200k per season.
- ADR approx. €235.
- The promoter has a solid financial background and over 8 years of experience in the tourism industry, with well-established relationships with market participants, travel agents, and key stakeholders.
- Employ 2-3 part-time staff in addition to the 3 permanent employees to manage operations.
- Have an active license for operating a hotel and a restaurant.
- Valid construction permit for an additional 5 suites with private mini pools/jacuzzis (+150 sqm in total). Instead of 5 suites a mini villa can be built.
- Seasonal business operating between May and September. It can be extended by at least one month. The average monthly sale during the period of operations is EUR 40k.
- Began operations 3 years ago.
- Occupancy between 70 - 80%
- Gross income from 8 suites approx. €200k per season.
- ADR approx. €235.
- The promoter has a solid financial background and over 8 years of experience in the tourism industry, with well-established relationships with market participants, travel agents, and key stakeholders.
- Employ 2-3 part-time staff in addition to the 3 permanent employees to manage operations.
- Have an active license for operating a hotel and a restaurant.
- Valid construction permit for an additional 5 suites with private mini pools/jacuzzis (+150 sqm in total). Instead of 5 suites a mini villa can be built.
Products & Services Overview
8 luxury suites with sea view and private mini pools/jacuzzis, a restaurant area with full equipped kitchen and a main pool.
Assets Overview
Physical assets include the land plot, buildings, and all equipment.Intangible assets include the brand name and licenses.
Facilities Overview
Details of owned hotel facility:- Plot size: 8,247 sq. m.
- Year of construction: 3 years ago.
- Total sq. m of existing buildings: 390 sq. m + 50 sq. m basement. The buildings include: Reception, Staff room, 8 suites, kitchen.
- Parking spaces: 15.
Capitalization Overview
The company has been fully funded through shareholders' equity and has secured advantageous financing for construction. The business is managed by the two main shareholders. LTV approx. 15%
Recent Activity
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Earlier than 15 daysFounder, Athens, Commercial Real Estate Broker connected with the Business
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Earlier than 15 daysBusiness Owner, Helsinki, Commercial Real Estate Broker connected with the Business
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