Hotel for sale in Elounda, Crete.
ID 02-281

Hotel for sale in Elounda, Crete, with 139 apartments, 550 beds and 100 more to be built. An outstanding holiday resort, provided with majestic views to the sea and the mountains, also consists of a spa area, Hamam, sauna and two massage rooms, as well as a reception area, and also a main restaurant and a tavern. One of its main characteristics is the large water park and fun park. In the most popular tourist destination, this hotel is the most excellent investment opportunity. Read more

Hotel for sale in Elounda, Crete, with 139 apartments, 550 beds and 100 more to be built. An outstanding holiday resort, provided with majestic views to the sea and the mountains, also consists of a spa area, Hamam, sauna and two massage rooms, as well as a reception area, and also a main restaurant and a tavern. One of its main characteristics is the large water park and fun park. In the most popular tourist destination, this hotel is the most excellent investment opportunity.

Standing in a plot of 32.500m², the hotel is spreading over 6.000m². The resort includes a large hotel consisting of 140 holiday apartments. Out of those there are 15 divided in 2 spaces, 20 divided in 3 spaces, 12 divided in 4 spaces, including two bedrooms, 8 divided in 6 spaces and 7 holiday villas, each with its own private pool, and with capacity of 6 persons while there are another 78 divided in spaces, of 1 bedroom each. Another 100 doors could be easily constructed, offering even more potential to this already architectural masterpiece.

A four star hotel, also armed with two swimming pools one smaller and one bigger one, that both contain sea water, but of course with a gorgeous reception area as well. Not to be forgotten, it also provides the tenants with the main restaurant of a great capacity, but also a large tavern, hosting all kinds of delicacies and different dishes for all the different tastes.

After dinner, though, the hotel provides 2 separate, sizeable bars, one of which is a pool bar for those craving for a drink, which start operating at the end of April, and remain open until the end of October. It is equipped also with an ample parking lot, terraces provided with excellent views, Spa facilities, such as sauna, Hamam, and massage rooms, allowing the tenants to have all the services and amenities they may need during their holidays.

Characteristic highlights of this four-star hotel:

• 139 apartments and 550 beds, with 100 more to be built


• 3 restaurants (main restaurant and a tavern)


• 3 outdoor swimming pools,


• full-service spa (i.e. spa area, Hamam, sauna and two massage room)


• large water park and fun park


• reception area

This hotel offer, is truly a once in a lifetime opportunity to invest in Cretan tourism, since it is a construction of the highest qualities and a one of a kind type of business while most importantly it is very thoughtfully provided with the large water park, which consists of a restaurant, a bar, the amazing open air theatre, a mini golf court, and many more facilities for the tenants’ entertainment. On the other hand, the fun park, consists of a snack bar, an inflatable castle 5x5,a trampoline, roller skate rink, a pool table, and outdoor spaces to host multiple events. Moving on, there is also an indoor kids club as a play area, which includes plenty of complex constructing games, as well as nets that they can climb on, and a variety of other games for kids to spend their time with.

The facilities of the water park provide an extra profit, since they can also be used by whoever wishes to visit them and not just the tenants.

The hotel occupies 45 persons staff and 60 persons staff, during the high season, and it has also been a resort for many different ethnicities, such as people from Britain Germany, Russia and many more.

Last but not least, along with all the facilities the selling price includes a Rent a Car business, with 12 cars as well as a Tourist Office.

Due to the hotels elevated position the majority of rooms and all villas have open uninterrupted views to the Elounda bay. The hotel also has immediate access to the main road between Elounda and Agios Nikolaos offering easy access to the town and to the international airport of Heraklion.

It is also within walking distance to the lovely Elounda, which is also a well-known resort to all the tourists that come to Crete to even get to see the beautiful sights it provides. While these resorts are also well known for their beautiful gentle coasts, nice sandy and clean beaches, along with a great variety of restaurants and shops and most importantly their amazing climate.

The location and the size of the plot is what allows, an expansion of the hotel by another 80 apartments or even 100 apartments with the acquisition of two neighboring plots which are also for sale and are to be included to this offer in case a sale is agreed. The total beds available now are 550 and can be upgraded to 750 to 800 beds.

The 4 star resort of Eastern Crete is well established, and it comes with a loyal trained staff in all the different positions and is completely ready and in operation for the forthcoming season.

While it also is the only property of its kind on offer in the area, an area in which tourism is blooming rapidly every year, and big infrastructure investments are also on their way for that area, such as new international airport, new marina, new roads that will catapult tourist incomes and property value in the near future.