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Luxury Hotel for Sale in Crete Region, Greece

Fully operational 5-star hotel in Crete with direct beach access and high tourist demand.

Established 10-20 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 4 million
Run Rate Sales USD 4 million
EBITDA Margin 35 %
Industries Luxury Hotels
Locations  Crete Region
Local Time 4:03 PM Europe / Athens
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 34 million (Native Currency: EUR 32,000,000)
Reason: Reason for the sale is retirement. This is a great opportunity to acquire one of the best hotels se... View More
Includes physical assets worth USD 34 million
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Business Overview

- Great opportunity to acquire one of the finest 5 star hotels in Crete.

- Located right on the beach. This magnificent property is located at one of the most tourist areas of Greece where most of the hotels are fully booked during the summer period. Due to its mild Mediterranean climate, this island is visited by tourists from May to October.

- The hotel's luxury facilities are generously spaced out over 15,000m2.

- The central building with its reception & lobby is adjoined by several outbuildings from studios to maisonettes.

- The hotel is set in exceptional landscaping and pool area, making it one of the most desirable hotels in Crete.

- Discover luxury living at our 5-star paradise in Crete! Nestled right on the pristine beach, our exclusive hotel offers an unrivaled opportunity to acquire a slice of opulence. With access limited to hotel guests, enjoy the serenity of the sea at doorstep.

- Spanning an expansive 15,000m2, our meticulously designed facilities boast a central building housing a sophisticated reception & lobby, complemented by spacious studios to elegant maisonettes. Dive into pure indulgence with multiple indoor and outdoor pools, surrounded by lush gardens and dedicated play areas for the little ones.

- Unwind in style at our modern spa, a haven of relaxation amidst the beauty of Crete. Culinary delights await at our restaurant and bars, while our conference room is poised to host functions for up to people.

- Immerse in exceptional landscaping, where every corner reveals a touch of elegance. With a prime location and unparalleled amenities, our hotel stands as the pinnacle of desirability in Crete. Seize this extraordinary opportunity for a lifestyle of luxury!

- There are 7 permanent employees. Additionally, during the summers, due to the high volume of customers, we hire up to 80 employees.

- All the registrations and licenses are in place.

Products & Services Overview

5 star hotel with the following amenities:

- Several indoor and outdoor pools.

- Direct access to its private beach.

- Lush gardens, kids' play areas and extensive sports facilities.

- Modern spa to relax and unwind.

- Restaurants, bar and conference rooms.

Most of our customers are tourists.

The hotel experiences a high volume during the summer.

Assets Overview

Physical assets include the entire hotel property with all the interiors, set-up and furniture.

Facilities Overview

- The building complex hotel (5-star), developed on a coastal area of 18,270,00 m2, operates lawfully to date with 200 + main rooms / 450 beds - on 5 levels. Fully owned.

- The hotel has over 15,000.00 m2, structured main and auxiliary spaces in 8 room buildings, in addition to the central building to the restaurant and the swimming pool.

- Has twin/triple rooms (studios), family rooms and 12 maisonettes (two-storied).

- Its rooms are comfortable with luxurious wooden linings and constructions, with marble bathrooms, and fully equipped (Telephone, T. V. , internet, AC).

- The hotel has also got a reception, furnished with modern lounges, living rooms, administration offices, lobby bar, cafe, restaurant, mini market, gym, conference room, pool bar, disco, mini club, playground, swimming pool, sports facilities.

Capitalization Overview

Information will be given after a LOI (strictly confidential). Basically the business is funded by its sales.

It is owned by 5 shareholders. (family business)

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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