• For Sale €8,900,000
  • Ref. No. WW5123
  • Paphos
  • Paphos
  • Hotel
  • Resale
  • 77 Bedrooms
  • 77 Bathrooms
  • Land: 2432m²

For Sale : Hotel - Paphos, Paphos

This marvelous hotel is a five storey building, 3-star rating hotel comprising 14 shops, 76 hotel rooms including 1 guest suite, with their corresponding facilities as required by Cyprus Tourist Organization for a 3-star hotel. The hotel is located in the center of Paphos town and is just a few minutes’ walk from the Local Market, the District Museum as well as the Municipality and Public Gardens. It also has a bus stop outside the Hotel’s main entrance. The hotel due to its prime location is not affected by seasonal tourist changes.

The hotel has been recently renovated and is in immaculate condition. The rooms are situated on the 1st, 2nd, and 3rd floor. Each room is equipped with direct dial telephone system, satellite, dish/TV, hair dryer, radio, safe deposit boxes and private bathroom. Thirty nine rooms offer spectacular sea view.

The hotel is fully equipped with a fully computerized modern reservation and accounting system, with separated offices for the management, secretary, beverage, and accounts department situated in the mezzanine.

In the basement there is a fully equipped kitchen, an exceptional main a la carte restaurant, breakfast / coffee shop / pool bar, multi-purpose conference room, staff dining room, laundry room, electrical room, mechanical room, chief engineer office, delivery area and stores. The basement area has the facility of service lift and staff ablutions. In the semi-basement there is a health and beauty center, which accommodates sauna, fully equipped gymnasium, and a laundry.

On the ground floor the hotel consists of extensive lounge/lobby, reception, sitting area, cafeteria/restaurant, luggage room, bar and front office manager room.

Rooms and corridors are luxuriously carpeted. The structure of the hotel is of reinforced concrete and flat roof.

External facilities include, large overflow swimming pool, a children’s pool and car park. The outdoor areas provide a sensational and exotic environment.

Along the frontage of the building abutting on the main road there are 14 retail units out of which 5 are currently rented for €30,000 per annum. When all the retail units are rented the total annual income can be €75,000 which is considered reasonable and feasible, under the current economic situation.

The total plot size of the property is 2,432m2.

Indoor
Air Conditioning
Central Heating
Elevator
Gym
Satellite
Sauna
Outdoor
Balcony
Private Parking (covered)
Private parking (uncovered)
Private swimming pool
Views / Distances
Airport: 20 min drive
Beach: 5 min Drive
Sea views
Town: Walking distance
Land Characteristics
Attached on main road
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