Four Star Hotel In Athens For Sale

Business description

Classification :

This is a 4-star Hotel and is located in Athens, Greece.

Location :

The hotel is 500 meters ( max ) away from main historical buildings of Athens, as the Archaeological Museum, the University of Athens, the National Library & the Parliament. It has easy access to public transport as it is ideally situated between 2 underground ( METRO ) stations. Its also near to the shopping heart of the city and the newly opened ATTICA shopping mall.

Accomodation :

The hotel has 410 rooms and suites with a total of 750 beds. The total building area of the hotel is 26.000 square meters. It has been completely renovated just before the Olympic Games of 2004. All rooms have sound isolation and offer an integrated communication and entertainment system with high-speed internet and a variety of digital movies and music, instant PC connection, fax and satellite TV. In each room you will find a safe deposit box with a personal security password, a fully stocked mini bar and an independent cool-heating system.

Parking :

The hotel has an undergroung privately owned garage with a total of 220 parking spaces, in operation 24 hours, 7 days per week.

Conference Facilities :

The hotel has a series of Conference Halls for parties of 30 to 800 people, with a total capacity of 1500 people. It has a 30 years of experience in holding social events, such as Wedding and Christening Receptions, Cocktail Receptions, Gala Dinners, and Private parties.

Restaurants :

The hotel has 2 famous Gourmet Restaurants, one on the ground floor and the other on the Roof Garden on the top floor,
with excellent views over the city of Athens and especially the Acropolis.

Financial Details :

The asking price for the hotel is 160.000.000 euros ( with a 2% buyer's fee ).
The yearly sales revenue of the hotel is about 15.000.000 euros with an average total room occupancy of 80%, way above the Athens' hotels figures.

A NDNC agreement and POF is required, before any further information will be given

Property information

Real Estate:

Real Property Included