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
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