Hotel Apartments for Sale, 100 Rooms ~ EIC126H

Property description:

Location: Protaras, Cyprus
Sale Category: Commercial Freehold Business & Property
Property Type: Hotel Apartments
Hotel Type: 4*
Number of Rooms: 100
Price: €7,900,000
Criteria for Cyprus Citizenship-by-Investment Program: Yes

Area Info:
The hotel is situated in the tourist area of Protaras, close to the beach and other amenities. Protaras town centre is 2 km from the hotel and 40 min from Larnaca International airport.

Hotel Characteristics:

• 99 Apartments
• The hotel was valued by 3 independent evaluators at €12 million, €13 million and €14 million euros for the hotel.
• Outdoor Swimming Pool
• Sun Terraces with sun loungers & parasols
• Buffet Restaurant serving local & international cuisine
• Pool Snack Bar
• 300 meters from the sandy beach
• Children’s Playground

Possible Acquisition Schemes:
Conclusion of the contract with the current management company or without contract.