Hotel for sale in Malia Crete.
ID 22-393

Hotel for sale in Malia Crete. Run your own business in Crete when you invest in this 450sqm hotel consisting of 13 accommodations with 40 beds in total, just 100m away from the long organized sandy beach.

The hotel is set on a 760sqm piece of fine land in an excellent location just 300m away from the town center, looking out towards the calming sea. It was originally built in 1987 and was fully renovated in 2016 to modern standards, in a perfect combination of tradition and comfort. Read more

Hotel for sale in Malia Crete. Run your own business in Crete when you invest in this 450sqm hotel consisting of 13 accommodations with 40 beds in total, just 100m away from the long organized sandy beach.

The hotel is set on a 760sqm piece of fine land in an excellent location just 300m away from the town center, looking out towards the calming sea. It was originally built in 1987 and was fully renovated in 2016 to modern standards, in a perfect combination of tradition and comfort.

The premises consist of a reception area where the guests are warmly welcomed, storage areas of 40sqm, as well as a 50sqm cafe-bar facing the street.

The accommodations are measuring a total surface of 360sqm spreading on two levels, consisting of 4 maisonettes for 4 persons each, 5 apartments for 3 persons each, and 4 studios for 2 persons each, capable to host up to 60 guests in total.

The 2-star hotel is operating from the 1st of May to the end of September each season, with 3 employees, two at the bar and one for cleaning services.

It generates a gross income of 150.000 Euro annually and has been rented out for 40.000 Euro until the end of 2022.

It is currently rented for 4.000 euros per month, until the end of 2022.

The property also includes a cafe-bar with a covered seating area of 200sqm in total, with a lage frontage on a main road, atrracting numerous clients apart from the hotels guests.

Establish yourself in the Greek tourism world with this promising hotel in the worldwide destination of Crete.

Hotel for sale in Malia Crete Location Information:

Malia is the most touristic town of Crete, located 35km east of Heraklion, on the outskirts of Mount Selena. Its name means “flat area”, because Malia is situated on a fertile plain.

Indeed, it is famous throughout Greece for the delicious bananas grown in the greenhouses in the area. The valley has many springs and in the past was known for its windmills, used for watering the local potato crops.

Many years ago, Malia was a small coastal village with few residents. Malia has seen a rapid growth in recent years and the town has expanded towards all directions. Malia is famous for the huge beach and the very lively nightlife.

Malia has two main roads that meet at the center of town, in front of the Church of Saint Nektarios. The first one street is a pedestrian street connecting the old village with the beach.

This is full with clubs and bars, where thousands of young tourists party every night. The second road is vertical to the first and is full with shops, cafes, super markets, banks, clinics etc. Things here are much calmer.