122 Bed Property for sale
Tombs of the Kings, Paphos, Cyprus
£11,598,935 *
[€13,500,000]
Full Description
Famous & Iconic 3-Star Hotel Investment Opportunity with Renovation Upside Located in Tombs of the Kings, Paphos
Tombs of the Kings is an established tourist district in Kato Paphos, positioned close to the coastline and the area's archaeological attractions. The wider Paphos area offers a year-round mix of tourism, dining, leisure and cultural amenities.
Status - Existing Hotel
VAT - Unspecified
Property Features:
Hotel Category - 3-Star
Rooms - 122
Land Area - 4,494 m²
Upgrade Path - Opportunity to Upgrade to 4-Star
Projections:
Renovation Qoute: €5,000,000
Total Combined Investment: €18,500,000
Total Target Value After Renovation: €2,600,000
Combined Forecasted Revenue (Stabilized Year): Approx. €5,901,320
Income Restaurants Bars: €400,000
Combined Operating Costs: €2,000,000
Combined Annual EBITDA: €4,301,320
Combined ROI: 23%, Payback: 4 years
Hotel Features:
The source identifies an opportunity to reposition the property as a 4-star hotel through renovation. With 122 rooms on a 4,494 m² plot, the property provides an established accommodation base for a refurbishment-led strategy.
This hotel offers an opportunity to acquire an established hospitality asset in Kato Paphos with potential for renovation and an upgraded 4-star positioning.
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