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10% Est. Yield - 4* Hotel Cyprus - Sale & Leaseback

Updated: Mar 1, 2022





Larnaca, Cyprus


Price: 10 Million Euros

Required Equity: 5 Million Euros

Rooms: 40

IRR: 15%

Year of Construction: 2020

Ownership: Privately Owned

Operator: Local Operator


This brand-new boutique hotel, conveniently situated in the historical Larnaca City Centre district only 500m from the beach, offers contemporary styling, a rooftop pool with magnificent Mediterranean Sea views, restaurant, bar, and fitness center.

Operated locally under licensing from one of the largest hotel groups in the world, the International Hotels Group.


The hotel started operating July 2020.


The owners offer the possibility of sale out-right or sale with a guaranteed 10yr lease back at 5% providing an estimated equivalent yield of 10%


3rd party valuation 13.5 Million Euros (2020).



Characteristics


40 Rooms

4 Floors

Bar

Restaurant

Terrace, Sun Terrace

Rooftop Pool & Bar

Fitness Center

Lift

24hr Front Desk

Street Parking

Global Hotel Chain

Panoramic Sea Views



Teaser

New 4 Star Boutique Hotel Cyprus10M
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