Paphos Highly Profitable Deluxe Three Star Hotel Lease For Sale

Business description

Highly Profitable Deluxe 3 Star Hotel Business To Rent €36,700 monthly.
Aprox: 80 Excisting Rooms Including 2 ONE BEDROOM SUITES and 2 Staff Rooms
Profitable 3 Star Hotel To Rent in Paphos Cyprus for 3,5,7, or more years.

The Hotel has Government Building Permits and approved Architectural Plans for a further expansion of the Hotel with 3 more FLOORS. Consisting of: Approximately 30 ONE BEDROOM DELUXE APT SUITES & A ONE ROOF CAFETERIA & BAR / MULTIPURPOSE ROOM ALL WITH SPECTACULAR VIEWS
The Hotel has been operating very Profitably & Successfully for over 12 years. Inspection visit is
possible to seriously interested principals.
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.
Present annual turnover over €1.2 Million GOP.49.00%
Certified Audited accounts available from KPMG International to serious principals.


Hotel Description.
Aproximately 80 Rooms (Including 2 ONE BEDROOM SUITES) & 2 Staff Rooms
Situated in the center of Paphos town - Cyprus. the hotel is just a few minutes’ walk from the Local Market, District Museum, Municipality and Public Gardens, in the center and exclusive shopping area and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance.
The hotel is in immaculate condition and all departments are fully maintained and well run and kept. The Hotel is fully air-conditioned and heated , large Lobby reception area, 80 en suite bedrooms all with 20" color TV with satellite channels, balconies, fully air conditioned /heated, with hair dryers, room safe deposit boxes

All rooms can accommodate 1 extra bed. The hotel has also 2 deluxe one bedroom suites and 3 staff rooms with staff changing facilities. Also there is a Mezzanine floor for the administration offices./

There is an Exceptional 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.
Fully equipped kitchens with two very large walk in coolers, staff restaurant, laundry room, swimming pool and children’s swimming pool and controlled private parking.

The hotel has 2 lifts to all floors, library with guest’s internet connection and all our departments are fully computerized with 2 IBM main servers. The Hotels is accessible by wheel chairs and all areas are fully air-conditioned and heated.

Property information

Real Estate:

Lease

Living accommodation:

One Bedroom Deluxe Suite, Ensuite with extra bedroom Deluxe Suite with large Living room and day room Kitchenette and Exceptionally furnished. One used by Owner.

Location:

Situated Centrally in the centre of Paphos town - Cyprus,.a few minutes walk from the Local Market, Municipality Building , District Museum and Public Gardens, in the centre of the very best exclusive shopping area and a walk away from the Local Bazzar with bus stops outside the Hotels main Entrance.Hotel is in Immaculate condition and all Departments are fully maintained and well run and kept.

Premises details:

The Premises is overall six floors one lower floor one Ground Floor one Menzanine(Administration Offices) and three upper floors where the Hotels rooms are situated.It is a corner plot in a main Town area of Paphos.

Size in square feet:

5,500

Other information

Expansion potential:

Building Permit has been Granted to build 2 more Floors of Deluxe Apart Suites and 1 floor of Deluxe Roof Garden and Restaurant/venue New Parking Spaces and Swimming Pool

Planning consent:

New Planning Concent GRANTED in January 2012 for Deluxe One bedroom suites , roof Garden Cafeteria/Bar /Venue/ New Parking spaces and New Swimming Pool.

Competition / Market:

This is the Only Hotel in the Town Center and is open all year round

Support & training:

The Hotel is run enirely by the staff and senior admin staff members and Duty Managers Full Support & Training can be given.

Reasons for selling:

Owner retiring now.

Trading hours:

24/7

Website:

www.agapinorhotel.com.cy

Related documents:

• 
• Agapinor Cafe - Bar Lobby

• 
• Hotel Bedroom - Sea View

• 
• Agapinor Hotel Restaurant