183 Bed Property for sale

Protaras, Famagusta, Cyprus

£34,367,214 * [€40,000,000]

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183 Bed Property for sale

Protaras, Famagusta, Cyprus

£34,367,214 * [€40,000,000]

Property Details

Bedrooms: 183
Bathrooms: 0
Plot size: 9034 m2

Full Description

3-Star Beachfront Hotel and Hotel Apartments Investment Opportunity Located in Protaras, Famagusta

Protaras is a well-established coastal resort in eastern Cyprus, known for its beaches, seasonal tourism and extensive range of accommodation, dining and leisure facilities. Its position along the Famagusta coast provides an established setting for hospitality operations.

Status - Existing Hotel

VAT - Unspecified

Property Features:

Hotel Category - 3-Star Hotel and Hotel Apartments

Rooms - 183

Land Area - 9,034 m²

Beachfront - Yes

Upgrade Path - Opportunity to Upgrade to 4-Star

Hotel Features:

The property currently operates as a beachfront hotel and hotel apartments, with an existing inventory of more than 180 rooms. The source identifies potential to upgrade the classification to 4-star through the addition and enhancement of facilities.

With its existing accommodation scale, beachfront position and identified upgrade opportunity, the property offers scope for repositioning within the Protaras hospitality market.

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183 Bed Property for sale

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This property listing (ref: 8762) is an advertisement supplied by A.T & P.E Homes (Cyprus) Ltd and does not constitute property particulars. While aplaceinthesun.com (APITS Ltd.) requests all advertisers supply correct details, it does not carry out checks on the information supplied and cannot be held responsible for any inaccuracies. Aplaceinthesun.com recommends seeking independent legal advice prior to any overseas property purchase.

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