A unique opportunity to invest in a highly profitable deluxe 3 star 76 rooms Hotel + 13 High Street Shop Units. The hotel is officially rated by Cyprus Tourism Organization operating very profitably & successfully for over 20 years and with High GOP %.
For a further expansion of the Hotel with 2 more floors, consisting of approximately 44 Rooms and a roof cafeteria & bar/ multipurpose room- all with spectacular views and extra parking area. The hotel is in immaculate condition and all departments are fully maintained and well run. Hotel is fully air-conditioned and heated .
Bedrooms consists, among others, fully air conditioned/heated, all with 24" color TV, satellite channels, balconies, hair dryers, room safe deposit boxes and all rooms can accommodate 1 extra bed. Hotel consists, among others, swimming pool, separate kids’ pool, mezzanine floor for the administration offices, 3 staff rooms with staff changing facilities, fully equipped kitchens with two very large walk in coolers, staff restaurant, laundry room, controlled private parking, 2 lifts to all floors, library, pool bar and cafe bar/cafeteria with a very large veranda and panoramic sea views, with access for outside guests also.
The Hotel is located in the center, in exclusive shopping area, and a walk away from the Local Bazaar with bus stops outside the Hotels main entrance. Situated in the center of Paphos town – Cyprus, the hotel is just a few minutes’ walk from the Local Market, District Museum, Municipality and Public Gardens.
Paphos is home to the island's second international airport and deemed to be the capital of the west. It is a picturesque fishing town which is steeped in history. It is the mythical birthplace of Aphrodite, Goddess of Love, and is also famous for the remains of the Roman Governor's palace which is home to extensive, fine mosaics. Featuring a picturesque fishing harbour by Paphos Fort, which is lined with open-air cafes, tavernas and boutiques, the town also plays host to a wide variety of restaurants, bars and exclusive shops as well as numerous amenities including supermarkets, pharmacies, banks and bakeries.