Investment Opportunity 81 room Hotel in Platres
LOCATION
The hotel is set in the beautiful mountainous region of Troodos in the village of Platres. An easy 25 kilometer drive from Limassol and 45 kilometers from Nicosia this area is a popular destination for summer and winter holidays. At a height of 1050 meters in the heart of the Troodos mountain range, the area is also popular for sporting events, nature trails, cycling routes and hiking trails. The Kalidonia and the Millomeri waterfalls are one of the big attractions near the hotel and on one of the hiking trails were you can enjoy the unique beauty of this area. In Platres you will a modern Cultural Center as well and in the Troodos area you will be able to see the ten Unesco World Heritage painted churches with their stunning frescoes. The churches are considered to be a Byzantine treasure and they are scattered in and around the Troodos Mountains. The village of Platres has all the amenities with restaurants, café and shops which are buzzing during the holiday seasons in summer and in winter.
THE HOTEL
The hotel was recently closed and is now for sale “as is” Owned by the same family since 1940, this property started out as a country house letting rooms and eventually was completely rebuilt in 1992. As it stands the hotel has 81 rooms all with their own balconies and bathrooms. The hotel was classified as a 3 star and run by 3rd generation hoteliers, until it closed. Situated a short drive from Mount Olympus the hotel is an ideal destination for winter skiing and other sports. The hotel is equipped with a gym, sauna, Jacuzzi and a bowling alley and had a well-known Spa facility. The 18m heated outdoor swimming pool which is currently closed, has an impressive Pool Bar area. The hotel has a large dining area on the first floor, a large covered patio terrace on the ground floor with a view of the stunning surroundings, and an indoor afternoon tea area with a fireplace for cozy winter meetings. The lobby has an informal bar and snack area that was busy all the year around.
The 81 rooms consist of 3 suites and 7 junior suites and 71 rooms with twin beds and spa baths. The hotel has 4 floors and has a covered area of 3000m2. The hotel is sold with all the relevant licenses for renovations.
Price: €4,400,000
