A Hotel with initially 32 Rooms, (up to 4 Guests per Room), 2 Salt Water Pools, 40 Parking spaces, SPA area, 4 Kilometers away from the famous Elafonissi Beach in Crete, operated by a German company. A total of 96 rooms is the final plan. The land has been bought and fully paid and the licenses to build will be ready in October 2018, also fully paid. No credits at this time whatsoever.
Our experience from the existing own Villas operated in the area has shown that the touristic market extends in Crete the 10 last years. The touristic-season period has increased to 9 months per year.
The Numbers: Assuming 32 Rooms at a very competitive price of € 70,00 per night for 4 Guests at a 6 Month occupancy per year equals to a turnover of € 403.200.