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Travel & Leisure Businesses Seeking Loan in Peloponnisos Dytiki Ellada Ke Ionio

Showing 1 - 1 of 1 Travel & Leisure Businesses Seeking Loan in Peloponnisos Dytiki Ellada Ke Ionio. Lend to a Travel & Leisure, Hotel and Resort, Recreational Product, Casino and Gaming or a Leisure and Recreation Business.

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Hotel Seeking Loan in Corfu, Greece

3-star hotel at the seashore at Corfu seeks funding to upgrade to a 4-star hotel.
- 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.
3-star hotel at the seashore at Corfu seeks funding to upgrade to a 4-star hotel.
8.9   Corfu
Run Rate Sales
USD 1.1 million
EBITDA Margin
32 %
Business Loan
USD 5.4 Mn at 10%
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