Hotel Seeking Loan in Corfu, Greece

3-star hotel at the seashore at Corfu seeks funding to upgrade to a 4-star hotel.

This Business is on a Premium Plan

Established	10-20 year(s)
Employees	10 - 50
Legal Entity	Limited Liability Company (LLC)
Reported Sales	USD 900 thousand - 1 million
Run Rate Sales	USD 1.1 million
EBITDA Margin	32 %
Industries	Hotels
Locations	Corfu
Local Time	2:37 PM Europe / Athens
Listed By	Business Owner / Director
Status	Moderately Active

8.9 / 10

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Seeking Loan

USD 5.3 million for 10.0% annual interest, 10 years (Native Currency: EUR 5,000,000)

Reason: - We plan to upgrade the hotel facilities to become a 4-star hotel and to increase the volume of sal... View More

Collateral Available: USD 6.4 million

Includes physical assets worth USD 7.5 million

Interested to connect with advisors

Name, Phone, Email

Available after connect

Business Name

Not disclosed

User Verification

Documents

Domain-Verification.pdf (212.5 KB)

Business Overview

- Well known seasonally operated 3-star hotel with 80+ rooms.

- Upgrade to 4 stars will entail renovation of 120+ rooms, suits, private villas, and addition of space.

- Legal obligations are fulfilled.

- Hotel is in short proximity to archaeological sightseeing of Corfu, and the island airport is a 20 minutes drive away.

- Ideal location on the first coastline (distance to the water's edge is 0 meters), with direct access to the sea from the outdoor swimming pool.

- Availability of public transportation with a direct line to the city center.

- Hotel area includes a big land plot with a garden, sports fields, and a swimming pool.

- Operations during the months of May-October and our ADR ranges from EUR 70-90.

- Projected ADR of EUR 170-250 in the renovated property.

- Have a steady yearly revenue and are well represented by international and local travel agents.

Products & Services Overview

3- star hotel with swimming pool, garden, and sports fields.

Assets Overview

Land plot, capital structure building, movable property (equipment, mechanisms), motor transport.

Facilities Overview

Own land plot of approx 15,000 sq. m. , 5-floor main building - 4,500 sq. m. , swimming pool, open restaurant, sport fields, parking, garden.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Specialist Advisor, Investment Banking, London, Individual Investor / Buyer connected with the Business
Earlier than 15 days
Chief Technical Officer, London, Commercial Real Estate Broker connected with the Business
Earlier than 15 days
GM, Cluj-Napoca, Financial Consultant connected with the Business

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