10 Bed Hotel for sale
Palekastro, Lasithi, Crete, Greece
£1,116,934 *
[€1,300,000]
Full Description
An established, fully operational boutique hotel set on a 510 sq.m. plot with 380 sq.m. of total living space in Agathia village, on the outskirts of Palekastro, near Sitia.
Located just 1 km from the coast, this turn-key property generates seasonal revenue driven primarily by families, pensioners, hikers, and windsurfers visiting the region's famous beaches.
The complex consists of five spacious two-level suites and one mezzanine-style office, each measuring approximately 73 sq.m. The suites feature a ground floor with a living room with sofa bed, fully equipped kitchen, dining area, guest WC, and a veranda. Upstairs, each suite includes a spacious bedroom with an en-suite bathroom and a private balcony?four overlooking the bay and one facing the traditional village. A dedicated two-story office unit provides reception/desk space, linen storage, a washroom, fitted kitchen, central heating installations, and a balcony upstairs.
Amenities across all suites include air conditioning on both levels, central heating, solar water heaters, Smart TVs, ceiling fans in bedrooms, mosquito nets, and washing machines. Capital improvements are up to date, including energy-efficient A/C units installed in 2026, new lighting indoors and outdoors in 2025, Smart TVs in 2024, and annual off-season repainting and maintenance.
Outdoors, guests enjoy a spacious patio and garden with sunbeds, a BBQ station, and a traditional stone table, with ample space available to add a compact swimming pool if desired.
Palekastro is a charming, traditional village in Eastern Crete, famed for its authentic atmosphere, pristine natural landscapes, and rich Minoan history. Located near the world-renowned windsurfing spot of Kouremenos Bay and the palm-forested Vai Beach.
Sitia town with supermarkets, many amenities, hospital, is about 18 km from here.
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