Hotel Apartments in Agia Napa, Ammochostos
| Hotel | DP-CY16300
Description
The property is hotel apartments for sale in the heart of Agia Napa, a fully operational hotel with 93 rooms, situated on a 6,848sqm building plot in one of Cyprus’ most popular tourist destinations.
This prime hospitality investment offers a high-income potential with excellent expansion opportunities.
The existing hotel consists of 48 studios, 37 one-bedroom apartments, and 8 two-bedroom apartments, catering to a variety of guests.
It features bar and restaurant facilities, an outdoor pool, a tennis court, a mini-market, and 50 parking spaces, providing a complete holiday experience.
Additionally, the company also owns eight adjacent apartments, which are included in the sale price.
These units can serve as staff accommodation, providing a convenient housing solution for employees and enhancing the hotel's operational efficiency.
A redevelopment and expansion plan has been designed to transform the property into a modern three-star hotel with 167 rooms and a total covered area of 13,808sqm.
The upgraded facilities will include a wellness and spa center, gym facilities, and a grand ballroom for events, enhancing the hotel’s appeal to a wider range of guests, from holidaymakers to business travelers.
Located in the heart of Agia Napa, this investment benefits from high tourism demand, excellent visibility, and proximity to beaches, entertainment, and attractions.
This is a rare opportunity to acquire a hotel in one of Cyprus’ top tourist destinations, with significant potential for future growth and revenue expansion.