Hotel Investment for Sale in Hersonissos, Crete
Hersonissos, Heraklion
Property details
Specifications
- Property Type
- Hotels
- Bedrooms
- 93
- Property Size
- 51,000 m²
Location & reference
- Prefecture
- Heraklion
- Municipality
- Hersonissos
- Location
- Hersonissos
- Ref No.
- 22-783
Description
Hotel Investment for Sale in Hersonissos, Crete. A rare opportunity to acquire an established Adults-Only hotel in the heart of Hersonissos, Crete, one of the island’s most dynamic and internationally recognized tourism destinations. Positioned directly on a central commercial road with approximately 17 metres of frontage, the property benefits from excellent visibility, accessibility and immediate proximity to shops, restaurants, entertainment and the wider tourism infrastructure of the area.
The hotel extends to approximately 5,100 sq.m. and offers 93 accommodation units with a total capacity of 172 beds. Its facilities include a spacious reception and lounge, a restaurant accommodating approximately 150 guests, a large professional kitchen, luggage storage, extensive indoor and outdoor pool bar areas, and an impressive 20 x 10 metre swimming pool surrounded by a generous leisure area with approximately 150 sun loungers and a separate hydromassage pool.
The accommodation is distributed across four levels, with 13 rooms on the ground floor, 37 rooms on the first floor, 37 rooms on the second floor and 4 spacious rooms on the upper level. Three elevators and ramps provide convenient accessibility throughout the property.
The hotel extends to approximately 5,100 sq.m. and offers 93 accommodation units with a total capacity of 172 beds. Its facilities include a spacious reception and lounge, a restaurant accommodating approximately 150 guests, a large professional kitchen, luggage storage, extensive indoor and outdoor pool bar areas, and an impressive 20 x 10 metre swimming pool surrounded by a generous leisure area with approximately 150 sun loungers and a separate hydromassage pool.
The accommodation is distributed across four levels, with 13 rooms on the ground floor, 37 rooms on the first floor, 37 rooms on the second floor and 4 spacious rooms on the upper level. Three elevators and ramps provide convenient accessibility throughout the property.
The basement includes 6 completed staff rooms and 10 additional unfinished staff rooms, while its configuration offers potential for the development of a spa and wellness area. Selected guest rooms could also potentially be upgraded with private plunge pools, subject to the necessary technical studies and approvals, creating opportunities for higher-value room categories and a more premium hospitality concept.
One of the property’s strongest investment advantages is its future development potential. In addition to a 427 sq.m. garden area, the property benefits from approximately 850 sq.m. of remaining building capacity, which could potentially support the creation of around 40 additional accommodation units, subject to planning regulations and permits.
An additional 50 sq.m. commercial unit, currently leased at approximately €1,600 per month, provides a separate income stream alongside the hotel operation.
Originally constructed in 1987, the hotel operates seasonally from early May until the end of October and attracts an established international clientele, primarily from the United Kingdom, the Netherlands, Poland and Israel. According to information provided by ownership, the business generates annual turnover of approximately €750,000 with profitability of approximately €200,000, subject to financial and legal due diligence.
Combining a prime central Hersonissos location, established hotel operation, substantial accommodation capacity, additional rental income and significant expansion potential, this property represents a compelling hospitality investment in Crete. With the possibility of renovation, repositioning, additional rooms, private-pool accommodation and wellness facilities, it offers a strong foundation for an investor seeking to create a higher-value hotel product in one of Greece’s most established tourism markets.
Hotel Investment for Sale in Hersonissos, Crete. 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.
One of the property’s strongest investment advantages is its future development potential. In addition to a 427 sq.m. garden area, the property benefits from approximately 850 sq.m. of remaining building capacity, which could potentially support the creation of around 40 additional accommodation units, subject to planning regulations and permits.
An additional 50 sq.m. commercial unit, currently leased at approximately €1,600 per month, provides a separate income stream alongside the hotel operation.
Originally constructed in 1987, the hotel operates seasonally from early May until the end of October and attracts an established international clientele, primarily from the United Kingdom, the Netherlands, Poland and Israel. According to information provided by ownership, the business generates annual turnover of approximately €750,000 with profitability of approximately €200,000, subject to financial and legal due diligence.
Combining a prime central Hersonissos location, established hotel operation, substantial accommodation capacity, additional rental income and significant expansion potential, this property represents a compelling hospitality investment in Crete. With the possibility of renovation, repositioning, additional rooms, private-pool accommodation and wellness facilities, it offers a strong foundation for an investor seeking to create a higher-value hotel product in one of Greece’s most established tourism markets.
Hotel Investment for Sale in Hersonissos, Crete. 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.
Features
- Swimming Pool
- Shop
- Pool bar
