Sithonia 3 Star Hotel Sale Investment Advisory

Navigator Consulting is advising on the sale of a 3*, 80-room hotel in Sithonia, Greece with an asking price of € 6.25 milion.

 

A Navigator Consulting client is selling a 3*, 80-room beachfront hotel is for sale in Sithonia, Greece. The hotel is built on a land-plot of 18,000 square meters with olive trees and gardens. The total built area comprises 9 buildings with 2,700 square meters.

Asking price: € 6.25 million.

The hotel is operational from May – October with an occupancy rate of 72%. Guests are from Greece, Europe and Russia. There are signed tour operator contracts.

The hotel has an additional, unused building coefficient of 1000 square meters, or 40 rooms / 100 beds. The hotel can be upgraded to 4* with additional investment.

Hotel infrastructure includes:

  • 50 double rooms and 30 studios: 80 rooms in total

  • Main swimming pool and children’s swimming pool (350 square meters)

  • Restaurant and reception area

  • Extensive gardens

  • Sandy beach

  • Parking

  • Tennis court (needs resurfacing)

We strongly recommend a complete due diligence be implemented (legal, environmental, commercial). For further information, please contact Philip Ammerman at info@navigator-consulting.com.

 

The Sithonia Hotel is built along a sandy beach

Client:
Navigator Consulting Group

Date of Engagement:
January - March 2016

Countries of Operation:
Greece

Business Function:
Investment Advisory Services

Business Sector:

Tourism

CRISIS MANAGEMENT

The Sithonia Hotel is built in an estate of 18,000 square meters which has been planted with olive and pine trees

The Hotel Pool has an area of 350 square meters and features a separate childrens' pool

The hotel features pool and sea views

A veranda overlooks the swimming pool and sea

The Sithonia Hotel has 80 rooms, including 50 doubles and 30 studios