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 Reference No : #EUCy2-100
Location :
Cyprus
Category :
Hotels
Hotel for sale in Cyprus, Highly Profitable Deluxe 3*** Star Hotel Business available for sale or for rent, situated in the centre of Paphos Town... |
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The lucrative business property is in immaculate condition and all departments are fully maintained and well run. The hotel is fully air-conditioned and heated, can be accessed by wheel chair, and consists currently of:
- Eighty (80) bedrooms, including two deluxe one bedroom suites, all furnished to the highest possible standards with full air-conditioning and central heating for the winter months, en-suite bathroom, shaving sockets, hair dryers, room safes, 20" colour TV with many English satellite channels, direct dial telephone and a private balcony offering incredible sea or town views of the local scenery, and the possibility to accommodate one extra bed.
- Three (3) staff rooms with changing facilities
- Mezzanine floor housing the administration offices
- Large Lobby reception area
- Exceptionnel Main a-la-Carte restaurant
- Separate fully equipped Coffee shop for Breakfast and snack area
- Pool Bar
- Cafe Bar/Cafeteria with a very large veranda and panoramic sea views, with access for outside guests also
- Swimming pool (18,5m x 8,5m) and children's swimming pool (4,5m x 4,5m)
- Fully equipped kitchens with two very large walk in coolers
- Staff restaurant
- Laundry room
- Controlled private parking
- Two (2) lifts to all floors
- Library with guest's internet connection
The Hotel has additional Government Building Permits and approved Architectural Plans for a further expansion of the Hotel with three (3) more floors which include:
- Thirty (30) one bedroom deluxe apartment suites and
- One (1) roof garden cafeteria/bar and multipurpose room
enjoying once realized spectacular views
The Hotel has been operating very profitably and most successfully for over 13 years and is open to its clientele coming from various European countries and Russia all year round.
The performance and returns signify that well run and well operated hospitality operations can conform to people's high expectation and Value for Money factor are the dictating elements for the prime success together with the correct policy implementation, budgeting and management policies and procedures. Furthermore it should also be noted that the hotel has a diversification enigma by also investing heavily in the Shops leasing Market that has also contributed successfully to the company's overall performance.
The present annual turnover is over 1,2 Million Euros High GOP. Certified Audited accounts are available and Inspection visit is possible to seriously interested principals.
Currently this hotel has 15 full-time and 10 part-time personnel, and the experienced management can stay on if required (applies for sale only).
Renting this remunerative business is possible for the duration of 3, 5, 7 or more years. The Rental is payable in advance for the whole duration of the Rental Agreement. Bank Guarantees are required securing the all the Hotel's Furnishings, equipment, fittings etc.
Location
The hotel is just a few minutes' walk from the Local Market, District Museum, Municipality and Public Gardens, in the centre and exclusive shopping area and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance. With its population of only 27.000 inhabitants Paphos (also spelled Pafos) is the capital of Cyprus' western region. Most of the inhabitants work as employees in various branches of tourism, because there is not much industry.
Paphos consists of two areas: the coastal resort area (Kato Paphos) and the town itself (Pano Paphos) which is slightly inland. Paphos airport offers a great link point to many European cities, as opposed to flying into Larnaca (the larger airport closer to the eastern portion of the island) and driving (~100km, 80Euro cab ride each way.)
Paphos is very popular with tourists, and especially with English, German and Scandinavian tourists. Among its attractions are its ancient mosaic floors, it's beautiful old harbour, its modern hotels and restaurants, situated along the seaside promenade. Other sites include an archaeological museum, the Byzantine castle of Paphos, the Tombs of the Kings, St. Paul's Pillar and the Temple of Aphrodite (the goddess of love and beauty).
The climate of Cyprus makes the summer months a popular time for tourism in Paphos, when temperatures reach easily into the mid 30 degrees centigrade every day. However the cooler winter months make walking and cycling ideal activities, especially further away in the mountains.
The main shopping lane, which runs parallel to the beach promenade, is the ideal tourists' marketplace.
Paphos is one of the main tourist spots in Cyprus. The sun shines all day long in the radiant town. There are many hotels both big and small for tourists to stay in, with kindly staff who will be happy to help you with your every need.
Located in Paphos is the gorgeous Coral Bay, a beauteous beach with soft sand and deep blue water, a perfect place for water sports. |
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| Monthly rent (Euros) |
36700 |
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| Internet Connection |
Available |
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Contact us - Main office
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us - Main office
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