An operating four-star hotel located in the very heart of the Kassandra peninsula in Halkidiki, Greece, is offered for sale. This is a full-fledged hotel complex with developed infrastructure, ready for year-round operation or seasonal work. The hotel functions as an active business with an established reputation and a constant flow of guests. The property is sold as a ready-made investment asset with the possibility of retaining current staff and management structure. The property is suitable both for continuing the hotel business and for rebranding or modernization according to new hospitality standards.
Hotel Characteristics
The hotel has 60 rooms with a total capacity of up to 150 guests simultaneously. The room stock includes 45 double rooms with an area of 22 to 30 square meters, designed for 2-3 people, as well as 15 triple rooms with an area of up to 30 square meters with the possibility of accommodating up to 4 people. Each room is equipped with air conditioning, refrigerator, satellite TV with a 21-inch screen, direct dial telephone, safe, hairdryer and a balcony or veranda with sea view. A children's sleeping place can be provided upon request.
The hotel infrastructure includes a reception desk, restaurant, main bar, outdoor swimming pool for adults, separate children's pool, pool bar with lounge area, jacuzzi, tennis court, basketball and volleyball courts, outdoor games facilities, children's playground and parking space for guests' cars. Currently, 16 employees work at the hotel; for optimal functioning, it is recommended to expand the staff to 18-20 people.
Location: Country, Peninsula, Resort
Greece is one of the world leaders in the tourism industry with sustainable year-round demand. Halkidiki is a unique peninsula in northern Greece, known for its pine forests descending to the turquoise sea and golden beaches. The Kassandra peninsula is the western and most touristically developed "finger" of Halkidiki, attracting thousands of holidaymakers annually. The hotel is located in the central part of Kassandra, in close proximity to the best blue flag beaches. The distance to the sea is no more than 200-300 meters, the beach area is accessible on foot. The nearest international airport, Macedonia in Thessaloniki, is 80 kilometers away, the journey takes about an hour by car. In the vicinity are the famous resort towns of Kallithea, Kalifeya and Pefkochori with developed infrastructure of restaurants, taverns and shops.
Investment Attractiveness of the Property
This hotel is of significant interest to investors for several reasons. Firstly, the location in the central part of Kassandra guarantees high occupancy during the summer season due to proximity to the main tourist flows. Secondly, the availability of 60 rooms allows classifying the hotel as a medium-sized property, optimal for management without excessive operational complexities, but sufficient to generate substantial profit. The room stock is balanced by categories and allows accommodating both couples and families with children. Infrastructure with tennis and playgrounds provides an advantage over competitors focused only on beach holidays. The projected return on investment at the current level of management is 10-12% per annum with growth potential up to 15% with marketing optimization and introduction of additional services. The four-star status allows maintaining an above-average price segment while maintaining stable demand. Given the limited supply of ready-made hotel businesses in Kassandra and the constant growth of tourist flow to Greece, this property has high capitalization potential in the long term.