For Sale
For Sale: 2 in 1 Profitable Hotel and Tavern with Guaranteed Income in Sithonia, Chalkidiki, Greece
Description
Operating Hotel with Tavern and Take-Away Gyros/Pizza in the beautiful region of Sithonia, Chalkidiki. This active hotel, offering guaranteed income, spans 750 sq.m. over three floors and provides a versatile investment with multiple income streams.
Property Details:Type: Hotel
Price: €1,200,000 (negotiable)
Built Area: 750 sq.m.
Floors: 3
Rooms: 20 (ranging from 25 to 40 sq.m. each)
Amenities:Tavern + Cafe + Bar: 32 tables (indoor and outdoor seating)
Separate Gyros/Pizza Takeaway Section
Location:Located just 5 minutes away from the renowned sandy beaches of Sithonia and Kassandra, awarded the “Blue Flag” for their clean waters and pristine sand.
Current Business Model:The hotel currently has a contract with a larger hotel to accommodate their staff for 6 months, which can be extended.
Some rooms are rented to tourists.
Additional income is generated from the tavern and bar, serving both guests and local residents, including events and celebrations.
Revenue Potential:Current Model: Yields from 6-7% annual returns.
Development Options:
1) Staff Accommodation: Lease all rooms to hotel staff with guaranteed payment while the tavern serves both guests and locals.
2) Tourist Focus: Transition to working with booking platforms like Airbnb to attract tourists, commanding higher nightly rates.
3) Hybrid Model: Continue leasing some rooms to hotel staff and actively market to attract tourists, optimizing income streams.
Passive Income: Operate the hotel with a manager/management company, allowing the investor to earn passive income without active involvement.
This hotel represents a prime investment opportunity, ideal for those looking to capitalize on Chalkidiki’s booming tourism industry. Whether you wish to maintain the current business model or explore new growth avenues, this property offers significant potential for high returns.
Contact
Ivan Potapov
Property Agent- Property ID 1240906
- Price €1,200,000
- Property Type Commercial/Hotel, Hotel, Hotel/Investment property, Hotels & Guesthouses
- Property status For Sale
- Bedrooms 20
- Bathrooms 22
- Size 750 m2
- Label Hot Offer, Investment, Sale
Address
- Country: Greece
- Province / State: Halkidiki (Chalkidiki)
- City / Town: Sithonia
