Hotel for sale, Panormo Rethymno

For sale: A hotel complex of 7,000 sq.m. on a 19,000 sq.m. plot, in a prime location just 800 meters from the beach. This 30-year-old property includes 5,000 sq.m. of building space and 2,000 sq.m. of basement areas. It successfully operated as a hotel for 12 years and offers great potential for renovation and redevelopment into a luxury 5-star facility. The renovation project could accommodate 170 rooms, pools, spa, conference facilities, and all modern amenities. An ideal investment opportunity in a popular tourist destination with direct access to the sea.

Property Details

• Code: 3297
• Sq m: 7000
• Price: € 1.400.000 (negotiable)
• Available on: 17/9/2024
• Basement area (m²): 2000
• Beds (total): 340
• Building total area (m²): 7000
• Construction Year: 1994
• Energy class: Ongoing
• Floors: 1
• Floors / Levels: 2
• Land area (m²): 19000
• Number of rooms (total): 170
• Parking Spaces: 20
• Stars: 4

Contains

• Asphalt in front
• Building Lisence
• Corner placed
• Courtyard
• Disability ramp
• Easy access
• Electric power counter
• From side to side
• Internal staircase
• licence of sanitary interest
• Needs renovation
• Storage room
• Swimming pool
• Three-phase current
• Veranda
• Water counter
• W.C.
• Ιnvestment property