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Investment Or Share Ownership In Hotel And Shops
Location Cyprus
Asking Price Range $500K - $1.0M
Gross Revenues $1900000
Net Profit / Cash Flow $600000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 20 - 34
Inventory 26.5000
Relocatable Not Disclosed
Number of Employees 20 - 34
Real Estate Owned
Training Consultancy and advice and introduction to Legal Consultants Accountants, Lawyers and Professionals if needed.
Reason for Sale Investors.
Description Hotelier seeks Investor/Business Partner for participation in ownership of an UN-mortgaged Profitable Hotel& Shops in Paphos Cyprus. Permissions granted for upgrading & expansion.
Assets fully secured with guaranteed returns, valuation in excess of _22.00 Million Euros
Investor will be able to participate in the share ownership of up to 49% or more of the Hotel's Valuation
The Hotel has been operating very successfully for over 12 years. Inspection visit are welcomed from serious prospective investors
Situated very centrally in the center of Paphos town - Cyprus. the hotel is just a few minutes walk from the Local Market, District Museum and Public Gardens, in the center of the very best exclusive shopping area and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance.
The hotel is in immaculate condition and all departments are fully maintained and well run and kept.. The Hotel is fully air-conditioned and heated , large Lobby reception with wifi,80 ensuite bedrooms all with 20'' colour TV with satellite channels, balconies, fully air conditioned /heated, with hair dryers, room safe deposit boxes e.t.c.
The Hotel has Building permission for a extension of three floors extra of Suites and a roof Garden Cafeteria Multipurpose room.
Click Here To Contact Seller
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