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Reference: N/GLOBE/102/9/2021

ID: MV0198

Hotel Opportunity In Larnaca

Cyprus

A unique hotel apartment consisting of 48 rooms, equipped with all contemporary amenities and facilities. Walking distance to the opposite ‘’BLUE FLAG’’ Beach, and 10 min drive from Larnaca Airport.

Reference: N/GLOBE/102/9/2021

ID: MV0198

Register Interest
Revenue:
€1.1m
Profitability:
70%

Industry Overview

The Hotel Industry in Cyprus is flourishing due to the low impact of Covid 19. Small hotels are doing very well because of low administration and other expenses. The easy access to all amenities, low taxes and one of the safest countries in the world.

Location

Larnaca, Cyprus (20km of Sandy Beaches).

Business Description

This is a 48 rooms hotel is unique for its operation. Now it's temporarily out of operation due to renovations. The business it’s one of the best in Cyprus due to its location. 24-hour reception, hotel is a stylish and attractive holiday resort, offering high quality of accommodation. Easy access to Larnaca International Airport and to other towns in Larnaca.

Financial Summary

The business is sold on the basis. No debts-No Credits. The owner company will be transferred to the new company of Investors within 72 hours.

Investment Rationale

Investment Capital is very low comparing with profitability.

3-5% growth annually for the first five years.

Customer Overview

One of the best locations suits Business people and families.

Transaction Information

Existing Owners are ready to help Investors-Buyers to settle giving all possible required assistance.

To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.

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