Evia Hotel Sale: Advisory and Investment Promotion

Navigator Consulting is advising a hotel owner on the sale of a 92-room seafront hotel for sale in Evia, Greece. The property is located 1.5 hours by car from Athens, near the city of Halkida.

 

Navigator Consulting is advising a Greek hotel owner on the sale of a 92-room seafront Greek hotel for sale in Evia, Greece. The hotel rooms have a floor area of 25 – 45 square meters. 52 are studios with kitchenettes. The hotel was constructed in two blocks: Block 1 in 1983 and Block 2 in 1995. The property is located 1.5 hours by car from Athens, near the city of Halkida. The hotel has not operated in the past 3 years but is fully legal and licensed.

Infrastructure includes seafront, dock, swimming pool, parking area, tennis court, basket ball court, volley ball court.

Land Plot: 10,800 square meters

Built-up Area: 4,400 square meters

Rooms: 92 / Beds: 186

 

Sales Price:

€ 1,500,000 asset price

€    300,000 transfer and legalisation costs

€    85,000 agency fees

 

Aerial View of the Greek Hotel Property

Client:
Navigator Consulting Group

Date of Engagement:
January - March 2016

Countries of Operation:
Greece

Business Function:
Investment Advisory Services

Business Sector:

Tourism

Seafront Hotel Building: Restaurant and Recreation Room

View of Greek Hotel Swimming Pool and Beach Area

View of Evia Hotel Rooms

Block 1 was built in the 1980s. Infrastructure list below.

Building 1:

  • Basement: 212 square meters with kitchen, refrigeration, laundry

  • Ground floor: 222 square meters with café restaurant, breakfast room

  • 1st floor: 220 square meters with bar, recreation area

 

Building 2:

  • Ground floor: 92 square meters with 3 studios

  • First floor: 92 square meters with 3 studios

 

Building 3:

  • Raised basement: 155 square meters with 5 studios

  • Raised ground floor: 155 square meters with 5 studios

  • 1st floor: 155 square meters with 5 studios

 

Building 4:

  • Raised basement: 153 square meters with 5 studios

  • Raised ground floor: 153 square meters with 5 studios

  • 1st floor: 153 square meters with 5 studios

 

Building 5:

  • Basement: 180square meters storage areas

  • Ground floor: 180 square meters with 6 studios

  • 1st floor: 180 square meters with 6 studios

 

Building 6:

  • Basement: 180square meters storage areas

  • Ground floor: 100 square meters with reception

  • 1st floor: 85 square meters with common areas, recreational rooms

 

Block 2 was built in the 1990s

Block 2 infrastructure includes:

 

Building 7:

  • Raised basement: 195 square meters with gymnasium

  • Raised ground floor: 195 square meters with 7 studios

  • 1st floor: 195 square meters with 7 studios

 

Building 8:

  • Raised basement: 195 square meters with support areas

  • Raised ground floor: 195 square meters with 8 studios

  • 1st floor: 195 square meters with 8 studios

 

Building 9:

  • Raised basement: 195 square meters with 7 studios

  • Raised ground floor: 195 square meters with 7 studios

  • 1st floor: 195 square meters with 7 studios

For further information, please contact us.