170 Room Evia Hotel for Sale
The Evia Beach Resort is a 175-room 3* resort in Evia, Greece. It is located approximately 1 hour by car from Athens International Airport.
The hotel is located on 28,000 square meters of land, including 100 meters of beach. It includes 1 main building and 6 residences.
Amenities include a swimming pool, 2 tennis courts, 1 basketball court, beach volleyball and a large car park.
The hotel also has a spa, an indoor- and outdoor restaurants, one indoor and 2 outdoor bars, and 3 conference rooms.
Built-up areas include:
- main building and small auxiliary buildings : 5,884 m2
- 6 residences and bungalows: 2,156 m2
- veranda and patios: 1.711 m2
- covered theater area : 169 m2
- main pool 230 m2
- kids pool 16 m2
The Hotel is for sale for EUR 7,500,000. The owner will pay all major outstanding debts from this price. Based on a detailed study, Navigator estimates that a renovation and upgrade to 4* standard, leading to a 10-year IRR of 10% is achievable under conservative forecasts.
For further information, please contact Philip Ammerman on info {at} navigator-consulting.com.
This data is provided for information only and is not a recommendation nor a solicitation to purchase or invest.