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Beachfront Resort for Sale near Makry Gialos, Crete.
ID 22-782
€3.500.000
Description
Beachfront Resort for Sale near Makry Gialos, Crete. A rare beachfront hospitality investment opportunity in Crete, positioned directly on the seafront near the increasingly popular destination of Makry Gialos and approximately 18 km from Ierapetra.
The property benefits from one of the strongest advantages a hospitality asset can offer: direct access to the coastline and an exceptional “on the water” setting. Combined with its scale, accommodation mix and existing leisure infrastructure, the complex presents considerable potential for repositioning and redevelopment within one of southern Crete’s most promising tourism areas.
The property benefits from one of the strongest advantages a hospitality asset can offer: direct access to the coastline and an exceptional “on the water” setting. Combined with its scale, accommodation mix and existing leisure infrastructure, the complex presents considerable potential for repositioning and redevelopment within one of southern Crete’s most promising tourism areas.
Beachfront Resort for Sale near Makry Gialos, Crete. A rare beachfront hospitality investment opportunity in Crete, positioned directly on the seafront near the increasingly popular destination of Makry Gialos and approximately 18 km from Ierapetra.
The property benefits from one of the strongest advantages a hospitality asset can offer: direct access to the coastline and an exceptional “on the water” setting. Combined with its scale, accommodation mix and existing leisure infrastructure, the complex presents considerable potential for repositioning and redevelopment within one of southern Crete’s most promising tourism areas.
The resort comprises a total of 70 accommodation units, including 62 apartments and 8 studios. Its configuration provides significant operational flexibility and allows a future investor to pursue different hospitality concepts following renovation and upgrading.
The larger apartments, some capable of accommodating up to seven guests, make the property particularly suitable for redevelopment as a family-oriented resort, while the overall structure could also support a condo-hotel concept or a modern serviced-residence model, subject to the appropriate planning, licensing and refurbishment strategy.
Its location offers an attractive balance between privacy and accessibility. Situated away from the more densely developed tourist centers, the property provides the tranquility and direct connection to the sea sought by discerning international travelers, while remaining within convenient reach of Ierapetra and the wider tourism infrastructure of southeastern Crete.
A particularly valuable aspect of the complex is its existing food and beverage infrastructure. The property includes an outdoor taverna, traditional wood-fired cooking and grilling facilities, and a bar, providing the foundations for the creation of a distinctive Cretan gastronomy concept. Following renovation and repositioning, these spaces could become an important part of the guest experience, combining local cuisine, authentic Cretan character and the exceptional seafront setting.
The resort also includes an adult swimming pool and a children’s pool. The infrastructure is already in place, although both areas require renovation and modernization in order to meet the standards expected of a contemporary hospitality development.
An additional feature is a small existing marina-style facility, which requires further improvement and appropriate configuration. Together with the beachfront area directly in front of the complex, which also requires restoration and upgrading after the property has remained out of operation for the past two years, these elements offer further scope for enhancing the overall resort experience.
The property should therefore be viewed as a repositioning and value-add hospitality investment, rather than simply an existing operating hotel. Its beachfront location, substantial accommodation capacity, family-friendly unit mix, food and beverage facilities, swimming pools and potential waterfront improvements create the foundations for a comprehensive redevelopment project.
With the right renovation program and hospitality concept, the resort has the potential to be transformed into a distinctive destination combining beachfront accommodation, family tourism, Cretan gastronomy and experiential hospitality.
For investors seeking a hotel or resort for sale in Crete, particularly in the wider Makry Gialos and Ierapetra area, this property represents a compelling opportunity to acquire a substantial coastal asset with direct sea access and significant potential for modernization, repositioning and long-term value creation.
Beachfront Resort for Sale near Makry Gialos, Crete. Location Information:
Makris Gialos is a picturesque resort situated in the south part of Siteia and also known as a great tourist destination in Crete. The big village offers many different types of accommodation from hotels to studios and villas surrounded by the amazing Cretan landscape.
Tourists can enjoy their holidays and swim in the crystal clear water of various beaches. For example, Kalamokania is an isolated, sandy beach located in the west part of the village, while Katovigli is an organized beach where sunbeds and umbrellas are provided. Moreover, one of the most popular beaches is the sandy Makrigialos – also known as Hani – due to its clean yet shallow waters.
The village is easily accessible by different means of transportation (ship, bus, airplane, car etc.) and it offers a lot of facilities. Nearby, there are a lot of taverns and restaurants, bars and cafeterias, supermarkets and pharmacies.
The property benefits from one of the strongest advantages a hospitality asset can offer: direct access to the coastline and an exceptional “on the water” setting. Combined with its scale, accommodation mix and existing leisure infrastructure, the complex presents considerable potential for repositioning and redevelopment within one of southern Crete’s most promising tourism areas.
The resort comprises a total of 70 accommodation units, including 62 apartments and 8 studios. Its configuration provides significant operational flexibility and allows a future investor to pursue different hospitality concepts following renovation and upgrading.
The larger apartments, some capable of accommodating up to seven guests, make the property particularly suitable for redevelopment as a family-oriented resort, while the overall structure could also support a condo-hotel concept or a modern serviced-residence model, subject to the appropriate planning, licensing and refurbishment strategy.
Its location offers an attractive balance between privacy and accessibility. Situated away from the more densely developed tourist centers, the property provides the tranquility and direct connection to the sea sought by discerning international travelers, while remaining within convenient reach of Ierapetra and the wider tourism infrastructure of southeastern Crete.
A particularly valuable aspect of the complex is its existing food and beverage infrastructure. The property includes an outdoor taverna, traditional wood-fired cooking and grilling facilities, and a bar, providing the foundations for the creation of a distinctive Cretan gastronomy concept. Following renovation and repositioning, these spaces could become an important part of the guest experience, combining local cuisine, authentic Cretan character and the exceptional seafront setting.
The resort also includes an adult swimming pool and a children’s pool. The infrastructure is already in place, although both areas require renovation and modernization in order to meet the standards expected of a contemporary hospitality development.
An additional feature is a small existing marina-style facility, which requires further improvement and appropriate configuration. Together with the beachfront area directly in front of the complex, which also requires restoration and upgrading after the property has remained out of operation for the past two years, these elements offer further scope for enhancing the overall resort experience.
The property should therefore be viewed as a repositioning and value-add hospitality investment, rather than simply an existing operating hotel. Its beachfront location, substantial accommodation capacity, family-friendly unit mix, food and beverage facilities, swimming pools and potential waterfront improvements create the foundations for a comprehensive redevelopment project.
With the right renovation program and hospitality concept, the resort has the potential to be transformed into a distinctive destination combining beachfront accommodation, family tourism, Cretan gastronomy and experiential hospitality.
For investors seeking a hotel or resort for sale in Crete, particularly in the wider Makry Gialos and Ierapetra area, this property represents a compelling opportunity to acquire a substantial coastal asset with direct sea access and significant potential for modernization, repositioning and long-term value creation.
Beachfront Resort for Sale near Makry Gialos, Crete. Location Information:
Makris Gialos is a picturesque resort situated in the south part of Siteia and also known as a great tourist destination in Crete. The big village offers many different types of accommodation from hotels to studios and villas surrounded by the amazing Cretan landscape.
Tourists can enjoy their holidays and swim in the crystal clear water of various beaches. For example, Kalamokania is an isolated, sandy beach located in the west part of the village, while Katovigli is an organized beach where sunbeds and umbrellas are provided. Moreover, one of the most popular beaches is the sandy Makrigialos – also known as Hani – due to its clean yet shallow waters.
The village is easily accessible by different means of transportation (ship, bus, airplane, car etc.) and it offers a lot of facilities. Nearby, there are a lot of taverns and restaurants, bars and cafeterias, supermarkets and pharmacies.
Features
- Barbeque
- Sea view
- Restaurant
- Beachfront
Location
The property is situated at Lasithi, Sitia, Makris Gialos.
Contact Agent
Ktimatoemporiki Real Estate
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