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Seafront Hotel for Sale in Ithaca
Ithaca, Ionian Islands
Property details
Specifications
- Property Type
- Hotels
- Bedrooms
- 10
- Property Size
- 350 m²
- Floor
- Ground floor
Location & reference
- Prefecture
- Ionian Islands
- Municipality
- Ithaca
- Location
- Ithaca
- Sea View
- Yes
- Ref No.
- Ke2-797
Description
Seafront Hotel for Sale in Ithaca. A rare seafront hotel investment opportunity in Ithaca, positioned directly on Vathi Bay, just approximately 10 metres from the sea, and offering a combination of established hospitality operation, sea views and significant development potential.
The existing 3-star hotel comprises approximately 650 sqm and currently includes 10 guest rooms, each with a private bathroom. The property also benefits from an additional permitted development area of approximately 350 sqm, creating the potential to increase the total built area to approximately 1,000 sqm.
The approved expansion allows for the addition of 9 further guest rooms, potentially increasing the total accommodation capacity from 10 to 19 rooms. The development plan also supports the intended repositioning of the property into a 4-star hotel establishment, adding further value to the investment profile.
The existing 3-star hotel comprises approximately 650 sqm and currently includes 10 guest rooms, each with a private bathroom. The property also benefits from an additional permitted development area of approximately 350 sqm, creating the potential to increase the total built area to approximately 1,000 sqm.
The approved expansion allows for the addition of 9 further guest rooms, potentially increasing the total accommodation capacity from 10 to 19 rooms. The development plan also supports the intended repositioning of the property into a 4-star hotel establishment, adding further value to the investment profile.
The existing rooms are spacious, fully furnished and equipped, and suitable for both short and longer stays. Each room includes air conditioning, heating, a private bathroom, kitchenette, balcony, Wi-Fi, television, refrigerator and coffee machine, while selected units also benefit from terrace or patio areas.
A major strength of the property is its seafront position overlooking Vathi Bay. All rooms benefit from balconies and the setting offers direct proximity to the sea while remaining within easy reach of the town centre, port and local amenities.
The hotel currently features a small swimming pool, while the approved development plans include a larger new swimming pool as part of the expansion. Additional guest facilities include a large reception area, shared lounge, buffet breakfast service, hot tub, sun loungers, laundry facilities, room service and parking.
The building is arranged across ground floor, first floor, second floor and underground level, with floor plans available for all levels. This provides a clear framework for both the existing hotel operation and the planned expansion.
From an investment perspective, the property offers a clearly defined value-add strategy. The current 650 sqm / 10-room hotel can potentially be expanded to approximately 1,000 sqm and 19 rooms, while the planned category upgrade creates an opportunity to reposition the property toward a stronger hospitality product.
The approved expansion potential is therefore a central element of the investment case, as it creates scope to increase room inventory and overall asset capacity.
The combination of seafront location, direct sea proximity, Vathi Bay views, existing hotel infrastructure, approved expansion and potential 4-star repositioning makes the property particularly suitable for private investors, hotel operators and hospitality groups seeking a boutique hotel opportunity in the Ionian Islands.
Seafront Hotel for Sale in Ithaca. Location Information:
Ithaca is a picturesque island in the Ionian Sea, part of Greeces Ionian Islands group. Known for its rugged coastline, lush landscapes, and charming villages, Ithaca is renowned for its natural beauty and tranquil atmosphere.
It is often associated with Greek mythology, particularly as the legendary home of Odysseus.
The island offers a blend of serene beaches, clear blue waters, and historical sites, making it a popular destination for those seeking both relaxation and cultural enrichment.
A major strength of the property is its seafront position overlooking Vathi Bay. All rooms benefit from balconies and the setting offers direct proximity to the sea while remaining within easy reach of the town centre, port and local amenities.
The hotel currently features a small swimming pool, while the approved development plans include a larger new swimming pool as part of the expansion. Additional guest facilities include a large reception area, shared lounge, buffet breakfast service, hot tub, sun loungers, laundry facilities, room service and parking.
The building is arranged across ground floor, first floor, second floor and underground level, with floor plans available for all levels. This provides a clear framework for both the existing hotel operation and the planned expansion.
From an investment perspective, the property offers a clearly defined value-add strategy. The current 650 sqm / 10-room hotel can potentially be expanded to approximately 1,000 sqm and 19 rooms, while the planned category upgrade creates an opportunity to reposition the property toward a stronger hospitality product.
The approved expansion potential is therefore a central element of the investment case, as it creates scope to increase room inventory and overall asset capacity.
The combination of seafront location, direct sea proximity, Vathi Bay views, existing hotel infrastructure, approved expansion and potential 4-star repositioning makes the property particularly suitable for private investors, hotel operators and hospitality groups seeking a boutique hotel opportunity in the Ionian Islands.
Seafront Hotel for Sale in Ithaca. Location Information:
Ithaca is a picturesque island in the Ionian Sea, part of Greeces Ionian Islands group. Known for its rugged coastline, lush landscapes, and charming villages, Ithaca is renowned for its natural beauty and tranquil atmosphere.
It is often associated with Greek mythology, particularly as the legendary home of Odysseus.
The island offers a blend of serene beaches, clear blue waters, and historical sites, making it a popular destination for those seeking both relaxation and cultural enrichment.
Features
- Balcony
- Parking space
- Reception Area
- Hot Tub
- seafront
- air conditioning
- Autonomous Electric Heating