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Hotel for Sale in Limassol Municipality, Limassol, Cyprus

3 Star Modern Hotel in Limassol

Property type:
Hotel
Property size:
3005 m2
Furnish Status:
Non-furnished
Parking:
No
Stage:
Any
Floor:
7
‎‎€ 12,950,000.00
Price per square meter
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Location

Map
Limassol Municipality, Limassol, Cyprus

Description

This 3-star modern hotel is located in the heart of Limassol, Cyprus just a few minutes away from the Old City of Limassol, its promenade and the Medieval Castle. It is the nearest Hotel to the Limassol Marina, to MY Mall Shopping Centre and Ladies Mile Beach and will greatly benefit from the governmental development works of the coastal stretch land stretching between the old and new Limassol ports!

The hotel is built on 3,005 m² of land and had a major renovation in 2018. It is developed over 5 floors, consisting of a reception and lobby area, outdoor swimming pool of 7.5m X 12m with sunbathing area and terrace and 2 banqueting rooms for events and conferences, being able to accommodate 120 and up to 300 people each. Its restaurant and City café can accommodate up to 120 people and offer indoor bar, pool snack bar facilities. The 7th floor can become an amazing roof garden with breath taking views of Limassol, serviced by 3 lifts.

The hotel offers 103 renovated superior and standard rooms. It consists of 11 rooms on the 1st floor and 4 floors of 23 rooms each. The covered area of the hotel is 4,168m² plus 724m² basement and 550m² covered verandas. The total covered area is 5,442m² and its parking lot is able to accommodate 50 cars. The prospective purchaser of the hotel will benefit from the 446m² plot adjacent to the hotel, which is part of the hotel's sale.

The combination of its ideal location, welcoming Cypriot hospitality and modern design makes it the most affordable value for money accommodation in Limassol city, guaranteeing high occupancy rates for any investor.

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‎‎€ 12,950,000.00
Price per square meter
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