Hotel for Sale in Heraklion, Crete – 80 Rooms.
ID 22-775

Hotel for Sale in Heraklion, Crete – 80 Rooms. In Heraklion, Crete, one of the most established tourism markets in the Mediterranean, a fully operational and renovated 80-room hotel complex is offered for sale at 6,000,000 euros, equivalent to 75,000 euros per key — a level significantly below replacement cost in a beachfront zone of Crete. This is a mature investment product with immediate income performance and a clear scaling pathway, addressed to hotel groups, investment vehicles and institutional capital. In a market where the supply of operational units of this size is extremely limited, this transaction represents a rare entry point. Read more

Hotel for Sale in Heraklion, Crete – 80 Rooms. In Heraklion, Crete, one of the most established tourism markets in the Mediterranean, a fully operational and renovated 80-room hotel complex is offered for sale at 6,000,000 euros, equivalent to 75,000 euros per key — a level significantly below replacement cost in a beachfront zone of Crete. This is a mature investment product with immediate income performance and a clear scaling pathway, addressed to hotel groups, investment vehicles and institutional capital. In a market where the supply of operational units of this size is extremely limited, this transaction represents a rare entry point.

Strategic Location.

The property is located just 300 meters from the sea, 30 kilometers from the center of Heraklion and 30 kilometers from the existing “Nikos Kazantzakis” International Airport. A defining factor for the asset’s investment profile is its 35-kilometer proximity to the new Kasteli International Airport, one of the most significant infrastructure projects in Greece, which is expected to materially uplift the value of hotel assets in the wider area through increased arrivals, extended tourism season and enhanced quality of demand. The investor enters a mature unit in a zone with clear capital appreciation potential over the coming years.

Property Profile.

The hotel is developed on a plot of 9,800 sqm with a total built area of 2,800 sqm and includes 80 owned rooms, with an average size of 22 sqm each. It operates seasonally from April to November, fully leveraging the duration of the tourism season and the consistent demand of the wider Heraklion market. Developed in phases and fully renovated, the hotel is delivered turnkey and ready for immediate continuation of operations from the next season, with no requirement for additional capital expenditure.

Facilities and Operating Profile.

The unit features the full set of facilities that supports high occupancy and elevated average spend per guest: two adult swimming pools and two children’s pools, a pool bar, restaurant, fully equipped professional kitchen with storage areas, reception and lobby. Recreational infrastructure includes a 5x5 football pitch, mini gym, basketball court, kids club, playground, mini market and dedicated activity areas, all elements that strengthen the overall guest experience, occupancy levels and ancillary revenue streams of the property.

Dual Scaling Potential.

What truly differentiates this investment is the two independent expansion paths available in immediate proximity to the unit, which can be strategically leveraged by the new owner. First, there is an adjacent small hotel of 11 rooms, currently leased by the owner of the main property and operated jointly with it. The new buyer retains full flexibility: the lease can be continued, keeping the additional capacity immediately active, or it can be terminated if it does not align with the portfolio strategy. Second, in direct proximity and separated only by a road, a 24,000 sqm plot is available from a third-party owner at a price of 500,000 euros, with the potential to develop up to 200 additional rooms. In a full scaling scenario, the investor can transform an 80-room asset into an integrated tourism complex of up to 291 rooms under unified management within a short timeframe, with a corresponding multiplier effect on asset value and operating performance.

Transaction Terms.

The asking price is set at 6,000,000 euros for the 80 owned rooms, equivalent to 75,000 euros per key. The property is delivered fully operational, renovated and ready for immediate continuation of business, representing one of the strongest opportunities of its kind in the Heraklion market today, combining stable income performance with rare strategic scaling potential. Full operational financials, occupancy data, RevPAR, ADR and yield metrics are available upon execution of a Non-Disclosure Agreement (NDA) for qualified investors.

Hotel for Sale in Heraklion, Crete – 80 Rooms. Location Information:

Heraklion Greece is the most popular region of the island and is located on the eastern side of Crete, between Rethymno and Lassithi.

The beautiful capital of Heraklion region, Heraklion Town, is one of the busiest city centers in Crete.

Heraklion or Iraklion has undergone a significant makeover in recent years because of the city’s increasing prosperity.

Infrastructure works have included the redevelopment of the waterfront, improved roads, and a city bypass to ease traffic congestion and maybe the most important much of the historic center has been turned into pleasant pedestrian strips.

The Heraklion airport, named after the Cretan writer Nikos Kazantzakis, is one of the biggest in Greece and receives approximately 15% of the total tourist traffic of Greece.